car title loans

Collateral is something that you pledge as security when borrowing some additional funds from a bank or an institution. This is also called a secured loan, wherein when the borrower fails to make his payments, the item being held as collateral will be taken in lieu of the amount owed. It could be land, a business, and in this article, a car. In very tight situations, this could be a very timely and alternative use for a car. This is most especially true if you have a not so stellar credit rating. Because you have a guarantee, your credit will most probably not be in question or go under scrutiny. How Does It Work? It works just like any other[…]