A Collateral Loan is a fast and easy way for you to get the cash you need quickly using the equity in an asset that you own. These loans are sometimes also called Emergency Loans and hard money loans. Our Collateral Loans typically run for a maximum of four months and are for no more than $25,000. (Some exceptions apply so ask for details). A condition of the Collateral Loan is that the asset.
Loan Against Your Car Title – Platinum Lending LTD. – Get a Loan Against Your Car Title. With a title loan you can use your car as collateral and take out a loan against the value of your vehicle. The amount of money you receive when you apply for a car title loan is dependent on a few things that you should keep in mind during the application process.
Don’t use your car as collateral for a loan The National Credit Regulator (NCR) has warned consumers against using their cars as security for loans. "The NCR cautions consumers against using their cars as security for loans or pawning them since they risk losing their cars if they fail to repay the loans, as agreed with credit providers", said NCR Manager for Investigations and.
The Federal Trade Commission doesn’t mince words when it comes to car title loans, sometimes called pink slip, title pledge or title pawn loans. The FTC tells consumers to "put on the brakes" before agreeing to give up your vehicle’s title as collateral. But if you’ve fallen on difficult times and can’t get necessary cash in any other way, do some homework first so you can safeguard against.
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