Safe and Easy
TITLE LOANS IN TAMPA MADE SIMPLE
What is a title loan?
A title loan is a secured loan that allows borrowers to use their car, truck or motorcycle as collateral for loan repayment. When a title loan is secured, the owner of the vehicle agrees to allow the lender to put a lien on their car title.
Repayment
Once the loan repayment is made in full, the lender removes the lien and returns the keys and car title to the owner. If the car’s owner defaults on the loan, the lender is able to legally repossess the vehicle and sell it to cover the borrower’s outstanding debt.
Possibilities and Uses
Title loans in Tampa are typically used as short term loans to help people cover unexpected expenses or higher than usual monthly bills. Title loans are a quick, easy way to get the cash you need without the hassles that most banks and other types of lenders require.