Compare Reviews for Payday & Title Lenders

reviews of payday loan companies

Title loans are a popular type of short-term loan that afford borrowers a small amount of money for only a small amount of time. With a title loan, lenders place a lien on a car owner’s car title in exchange for a loan; they also collect the hard copy of the vehicle’s title. The lien is then removed when the loan is paid off. When car or vehicle owners find themselves in a tough financial situation, title loans allow them to get a small amount of money quickly in order to better their economic position.

Top 10 of the Most Reviewed Payday & Title Loan Companies

What features matter most?

Fees

Interest rates

Extra requirements

Maximum loan amount

Length of loan

What are different types of title

loans?

Traditional title loans

Traditional title loans are loans that allow a car owner to get a loan in exchange for having a lien placed on their car by a lender. With a typical title loan, borrowers pay off the entire loan, interest and any fees within a specified amount of time, which is usually 30 days.

Interest-only payment title loans

Who's it for?

Car owners in an unexpected financial emergency

Sometimes financial emergencies just cannot be predicted. People who do not have significant savings and suddenly find themselves in a situation where they need a large amount of cash fast can benefit from taking out a title loan. Title loans are a good short-term solution when money must be borrowed quickly and unexpectedly.

People who live paycheck-to-paycheck

Source: www.consumeraffairs.com

Category: Payday loans

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