What is a Secured Loan or Auto Title Loan?

There are a variety of loan options out there. If you're here, then that means you're a savvy borrower who is interested in researching your options. At FindTitleLoans.com, we offer a variety of secured loans, including car, motorcycle and boat title loans. The title serves as a guarantee that you'll repay the balance. This makes it a secured loan.

On the other hand, a borrower does not use any form of property to get an unsecured loan. Examples of an unsecured loan include personal loans and student loans. While a borrower can get both loans with bad credit or no credit, the general rule of thumb is that secured loans are better.

When a lender gives an unsecured loan, it is risky because there isn't any form of guarantee the borrower will follow through with regular payments. Due to this uncertainty, a lender has to charge a higher interest rate.

In contrast, the auto title loans we give come with the lowest interest rates anywhere. No matter where you live in the United States, you'll get the best deal when you work with us.

How to Get an Auto Title Loan, a Form of a Secured Loan

It is super easy to get a title loan. The only thing between you and extra cash in your pockets is a set of 3 steps that can be completed in less than a day. Here they are:

  1. Apply for a quote on the right side of the page.
  2. Talk about your unique needs and finalize details with a loan specialist.
  3. Pick up your money from a lender close to your house or apartment.

We work with lenders across the nation. Whether you live in a big city or a small town, you won't have to go far to grab your money.

After picking up your money from an auto title loan, you'll be able to go about business as usual - do errands, work out, whatever is on your to do list. Since we only need your car title, you'll have the freedom to drive wherever you want. You'll have your car title returned to you after all of the payments have been made.

Benefits of a Secured Loan

You've already read about a lot of benefits of secured loans, like lower interest rates and convenient locations. An auto title loan also comes with more benefits, including:

  • Loan amount between $100 and a few thousand dollars.
  • No penalty for early repayment.
  • 100% free to get a quote and learn about your options.
  • 24/7 support from our team of experts.

By reading this article, you've learned about the differences between secured and unsecured loans. Want to learn more? Check out our articles section or get in touch with us today. We'd love to give you more information, and help you improve your financial future.

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