Title loan

Title loan
A high-cost, short-term loan that uses the borrower’s automobile as collateral.

Car title loans are a short-term loan instrument, also known as auto title loans or simply title loans. Borrowers can obtain a loan in the amount of $100-$10,000, depending on the brand and model of the car.

Car Title Loan
A short-term loan in which the borrower's car title is used as collateral. The borrower must be the lien holder (i.e. own the car outright). Loans are usually for less than 30 days.

Why Car Title Loans Are Proving to Be a Great Alternative to Payday Loans
by Robin Suh ...

Mortgage loan / Home equity loan / Home equity line of credit Â- car title loan / logbook loan Â- tax refund anticipation loan Â- pawnbroker
Debt management ...

Employer of last resort, analogous proposal for labor markets
Refund anticipation loan
Payday loan
Title loan
Bailout ...

Don't think you can borrow your way out of debt Stay away from payday loans, rent-to-own, cash advances and/or title loans. The compound interest on these debts will wind up costing you too much in the long run. Most importantly, be patient.

See also: Banks, Crisis, Payday loan, Expense, Job