If you find yourself in need of a loan, applying for a title loan is an option that’s worth considering. In order to qualify, you need to own your car without any liens. Borrowing against your car is an alternative to selling your vehicle in order to solve short-term cash flow problems.
A title loan involves turning your title over as collateral in exchange for cash, while allowing you to keep driving your vehicle in the meantime. The title will be returned immediately after you pay the loan amount back in full.