Ravinder Kapur

If you need some cash quickly, a car title loan can be a good option. You will be able to raise several thousand dollars by providing your car as collateral. These loans are available at title loan stores located in 25 states across the country or from online lenders. You will usually be able to borrow up to 40% of the value of your car. The lender may specify that your car’s mileage should not exceed a certain limit. At times, a car title loan store may turn down your proposal if your car is older than a certain number of years.

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