Are Car Title Loans Too Risky?

With any loan, there is always a risk involved. A lender always takes the risk that the borrower may not repay the money. Banks and other lending institutions put lots of time and effort into examining their potential borrowers. Loan applicants will have their employment history checked, and their credit history carefully scrutinized before a lender will agree to lend any amount of money. There are a variety of different loans in the marketplace including car title loans. Are car title loans risky? Let’s take a look. [continue reading…]