How Does an Auto Title Loan Work – Advance America

How does an auto title loan work? A customer would come in obviously. We advance anywhere from $300 to $10,000 on
title loans. As with pay day loans, a short application
would be completed. The vehicle would be appraised based on the
value of the vehicle. The customer would be granted a specific loan
amount, in which they would pay back on a monthly basis. A lien is placed on the vehicle, in which
the customer still has access, and utilization of their car, and they’re free to drive around
as usual.

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