Q: What is a car title loan?

A: A car title loan is a type of secured loan where borrowers use their vehicle's title as collateral. Typically, the lender holds onto the title while the loan is outstanding.

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Q: What are the requirements for a car title loan?

A: Requirements vary by lender, but generally, you need a clear title to your vehicle, a Valid driver’s license, etc. 

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Q: How do car title loans work?

A: To get a car title loan, you provide your car title to the lender and receive a loan based on the vehicle's value. You continue driving your car while repaying the loan, but if you default, the lender can repossess the vehicle.

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Q: For a car title loan, what is the minimum credit score needed?

A: The choice of the lender ultimately determines this. However, title loans have less stringent requirements because they are secured (such as a credit score limit). Despite not having a perfect credit score, you will be approved because of it.