<P> In the Canada , a car title loan , is a type of secured loan where borrowers can use their vehicle title as collateral . Borrowers who get title loans must allow a lender to place a lien on their car title , and temporarily surrender the hard copy of their vehicle title , in exchange for a loan amount . When the loan is repaid , the lien is removed and the car title is returned to its owner . If the borrower defaults on their payments then the lender is liable to repossess the vehicle and sell it to repay the borrowers ' outstanding debt . </P>
<P> In the Canada , a car title loan , is a type of secured loan where borrowers can use their vehicle title as collateral . Borrowers who get title loans must allow a lender to place a lien on their car title , and temporarily surrender the hard copy of their vehicle title , in exchange for a loan amount . When the loan is repaid , the lien is removed and the car title is returned to its owner . If the borrower defaults on their payments then the lender is liable to repossess the vehicle and sell it to repay the borrowers ' outstanding debt . </P>
what is a title loan on a car
what is a title loan on a car
a type of secured loan where borrowers can use their vehicle title as collateral
a type of secured loan where borrowers can use their vehicle title as collateral