In need of quick cash, you may be convinced by too-good-to-be-true loan promises to use your most valuable possession—your car—as collateral if you find titlemax knoxville yourself. These loans, referred to as vehicle title loans, could be misleading and certainly will run you far more you don’t repay on time than you bargained for—or your car—if.
What exactly is a vehicle Title Loan?
Car loans that are title Virginia are governed by the car Title Loan Act. They are high-interest loans supported by your automobile’s name as security. In the event that you miss a repayment, your automobile may be repossessed. Continue reading “Why Taking Right Out a Car Title Loan Might Be A bad move”