<prompt> Human: Im not good at math but i want to get an 1000 dollar title loan at 5 interest that accrues everyday of the unpaid balance. The lady said that at 105 every month for 14 months it would be paid off. Is this true? Wouldnt it cost more? Also, i want to try and pay it off a month after i get the loan how much would it be? Thank you in advance.  <response>: Title loans are generally the worst of the worst. Theyre for people who have ruined their credit to the point of no return, people who have no other option etc.I worked for a title loan company and theyre scumbags. I quit as soon as I can. Dont do business with these companies. Their main goal is making money off of almost nothing. At the end of it, you pay almost 300 if not more than what the original loan was, and if you dont pay it they have the right to your car. 