How does a car title loan work?
Vehicle owners can use title loans to borrow a loan using the value of their car. The car serves as collateral for your loan since the loan isn’t based on your credit. Car title loans are a great solution for people who struggle with poor credit because the loan comes with fewer requirements. If your car carries enough value, you’ll be able to get a loan.
When you take out a car title loan, you will transfer your title under the lender’s name. The title will be transferred back to you when the loan is paid off. If you are unable to pay off the loan, the car will stay under Washington Title Loans name until the loan is paid in full.