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You could search for a list of local car title loan lenders, or ask your friends and family for referrals. The borrower also needs to have a valid driving license in his/her name. When shopping for auto title loans, the first step is to do your own research. So long as you earn enough to pay off the loan plus interest eventually, your car will be yours to keep. The paperwork they require is usually just a copy of your driver's license and other easy to acquire documents, including proof of residency (which may be junk mail or a phone bill), personal references and proof of income. They find themselves in a critical position because of their poor repayment record. Even loan of 100 Dollars is available. For salaried and business classes there are flexibilities to trade off any number of cars to get the required amount of loan. Title loans have a bad reputation in the media, although this is largely undeserved as they provide a source of emergency money to millions of people who can't qualify for a loan from a bank or traditional sources. The person applying for the title loan has to have a lien free vehicle title; Auto loans give them the perfect opportunity to borrow money, use it for a particular purpose and to improve the credit ratings by making repayments on time. Interest on loan is another important issue. Auto title loans are loans that require you to put up your car as collateral. It is free from any complication and there is nothing that put the borrowers in disadvantageous position at latter stage. There is no other formality involved in the process. Only then, he/she will be eligible for availing the loan. Title loans are fairly short-term secured loans and the amount you receive is based on your vehicle's value, not your credit history.
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