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Almost without exception, once you car has been repo'd the title loan company has to hold the car for a set period of time, allowing you to pay the loan back. If you still have not paid (usually 30 days), the car is sold at auction.

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What are the laws on title loan repos?

Jazzy, they are the same as for other repos. Dont breach the peace and dont get caught.


Is it possible to have two title loans on the same car?

No, it is generally not possible to have two title loans on the same car as the car's title can only be used as collateral for one loan at a time.


What companies provide title loan services in Kansas?

You can title loans in a lot of places in Kansas. You will have to put up your car as collateral though. Midwest Title Loans is a good company offering them.


What are title loans?

Title loans have a variety of different names like car title loans, auto title loans, pink slip loans, loan max title loans, title max loans, cash title loans, cash loans for car titles and the list goes on. They have different names because of the varying title loan companies that label them differently.Basically though, title loans use the equity of a person's vehicle as leverage to get that person a loan. Many of the title loan websites will say, "a person can use their car as collateral for a car title loan!" Even though they are overly enthusiastic, essentially they are right.Title loans are most commonly used as short-term loans. Some call them emergency loans. Another similar loan are called payday loans. Though they are similar - there are some differences.title loans come with better interest rates than payday loans (using the car as leverage for the loan allows this)title loans usually allow for a longer grace period before repayment (this probably varies between companies)title loans allows more borrowing power for customers - in some states it can be as high as $40,000 (payday loans usually allow people to borrow no more than $1500)Those are the major differences. Each State regulates them differently. It is a fairly new industry, so States are becoming more strict with rules & regulations. This makes title loans a better option for consumers.It is my opinion that they are best used to avoid ridiculous hidden fees & hidden charges by banks and credit card companies. Title loans can save people money.Title loans are popular to 'those' people with no credit/bad credit (probably more now than ever). With this being said, people can be irresponsible with borrowing and may fall behind on repayments of the loan. In this event the title loan can be rolled over to the next month. Customers should NOT continue to roll over their title loans. This comes with expensive circumstances! To avoid this, it is recommended to only borrow what is absolutely needed and make the necessary financial corrections in your life ASAP to make repayment possible.Title loans are only valid in certain states but the most popular is California, Nevada and Illinois. There are companies large enough to care about their future and have many partner companies to get the money.


Where can one get more information on title max loans?

There are many places where one would be able to obtain information regarding Title Max loans. One could visit the official TitleMax website for information regarding their loans.

Related Questions

What are the laws on title loan repos?

Jazzy, they are the same as for other repos. Dont breach the peace and dont get caught.


What are the laws for title loans in South Carolina?

iyear loan on the title of your car


Are car title loans banned in Wi?

No, Title Loans are not banned in Wisconsin but you hould know that each state has different laws. Some states like Illinois only allows title loans to $4000 while other start at $2510 (like California). Each state has different laws.


Where can I find good information on title loans?

You can find a good overview of title loans at About.com (http://banking.about.com/od/loans/a/cartitleloans.htm). But I think the best place to check is the website of your state's Attorney General. There you will get information about the laws governing title loans in your state so you don


What are the State of Wisconsins Laws on title loans?

The Wisconsin Act 405 outlaws title loans in the state.Ê Wisconisn also is a state that heavily regulates pay day loans, which fall under the predatpory loan category.


Do you make car title loans?

Do you make car title loans


What different types of title loans are there for a motorcycle purchase?

There are several different title loans available for motorcycles. Motorcycle title loans are usually short term and expected to be paid back within 14 days. There are many options for motorcycle title loans. The loans may not be as big as those on a regular vehicle but can still help you out when you need it the most.


How do you say Title loan in spanish?

Cash for title loans


How do title loans work through TitleMax?

Title loans work easily through TitleMax. All one has to do is apply for a loan by bringing in the title for their car, get approved, get their cash, and then get their title back.


do u do title loans?

Car title loans in Vernon or anywhere else in Canada are often called “skip-a-line” loans because they take advantage of laws that avoid the great credit crunch. These loans are great for people who need money quickly but don’t have options like credit cards or other forms of credit. Title loans can be a smart alternative for these borrowers because they can pay back the loan without worrying about high-interest rates. That is how car title loans are different from payday loans, requiring the payment of fees and interest that can add up and worsen things. Because we offer low-interest rates in the market, these car title loans Paradise appeal to many borrowers because they do not require any down payment. There is no large investment needed, just your car as collateral. And the application process is simply a few fields that need to be filled out, and you are ready to go with your loan when you are approved.


What are car title loans?

Car title loans are short-term, high-interest loans where borrowers use their vehicle's title as collateral. The lender holds the title until the loan is repaid. Borrowers can typically access a percentage of their car's value. These loans often have steep interest rates and can lead to repossession if not repaid on time.


Where can you find banks with reposessed cars?

Find out which banks and financial institutions provide car loans and ask them where there Repos go. They will usually end up at an auction somewhere.