A title loan offers short-term financing to borrowers who own their car outright or have significant equity in it. Lenders use your vehicle’s title — a document that proves you own your car — as collateral for the loan and typically require payment within 15 or 30 days.
At BMG Money, we believe an educated consumer makes the best decisions for their financial future. We encourage you to weigh the pros and cons of various loan styles, against your specific situation. For information about payroll loans via your employer, click here.