Car title loans are secured loans which can be taken by using your vehicle as collateral. This kind of loans are of small amount and for short amount of time. In this process, you give the title of your vehicle to the lender.
If the borrower defaults the return of payment, then the lender has the full authority to sell the vehicle to repay the borrower’s debt. Car title loans are sometime very expensive and costly.
This loans are short term and mostly carry high interest rates as they are quick to get.In a city like San Francisco, it is not hard to find lenders or providers for car title loans, but the important thing is to find the right and reputable provider.
This infographic was created by blue rock title loans, a provider in San Francisco area. They have a simple application form which is very easy to fill for even a layman.