Car Title Loans: Subprime Lending


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Sep 12

Last Updated August 5, 2008
Car title loans are short-term loans secured by the borrower's vehicle. They provide a way for low-income borrowers and those with poor credit histories to raise cash for a short period of time, typically 30 days or less. At the end of the loan period, the borrower must repay the loan in full, including interest.
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