Car Title Loans
Vehicle titles are also used for car title loans, where a lender will loan the car's owner money in return for keeping the car title until the debt is paid off. Car title loans are marked by high interest rates, a short time to repay the loan, and the loan amount is usually less than the car's monetary worth. Also the borrower risks losing the car to the lender if the loan is not paid back. These type of loans are marketed as small emergency loans.
Read more about this topic: Vehicle Title
Famous quotes containing the words car, title and/or loans:
“Fifty years from now, it will not matter what kind of car you drove, what kind of house you lived in, how much you had in your bank account, or what your clothes looked like, But the world may be a little better because you were important in the life of a child.”
—Anonymous. Quoted in The Winning Family, by Louise Hart, ch. 1 (1987)
“I wish not to be given a title or an appointed position. I can and will do more good if I were made a Federal Agent at Large, and I will help best by doing it my way through my communications with people of all ages. First and Foremost I am an entertainer but all I need is the Federal Credentials.”
—Elvis Presley (1935–1977)
“The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations.... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.”
—John Kenneth Galbraith (b. 1908)