Car title loans are loans given in exchange for your vehicle title as collateral. Once the loan is repaid, your car title is returned to you. If you need the money for an emergency, these loans can be very helpful to get you out of a bind. BUT do not make a habit of using them. If you can't pay your loan back, your car may be repossessed as a result. Create your own personal savings bank. Stay tuned, next time I will show you how to create yours!
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