Car Title Loans

An auto title loan is a loan designed to allow the borrower to use the vehicle title as collateral, while the lender must surrender a hard copy in exchange for the loan. Car title lending, or auto title lending in Massachusetts, requires a lien, which is then lifted when the loan is repaid, returning the car title back to its owner, as part of the vehicle title lending process.




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Who are the parties involved in Car Title Loans?

In every car title loan there is a lender and a borrower, but without understanding the deal there will also be headaches. A car title loan is a special type of loan with a specific use. If you are in the right situation, these loans will help you with an immediate amount of capital. However, in order to receive this loan the borrower must provide the title of ownership of their vehicle and paying back the loan isn't just about the money. Read more...

Will I ever need the Title of Ownership of My Vehicle?

A vehicle title or title or ownership is a document providing proof of ownership for a car, truck, van, boat or trailer. Included in this document is the name of the current owner, number of previous owners, technical information and more. The vehicle title is required in very rare situations, but when those situations arrive, you absolutely better have the title. It provides absolute proof of ownership of a vehicle and without it there could be legal trouble. Read more...

Are a Car Title and Bill of Sale the same thing?

A vehicle title and bill of sale are two different documents with one important purpose when it comes to buying and selling a used car in Massachusetts. A bill of sale is a record of a financial transaction for any good or service. When a car is sold, a bill of sale must be created to reflect the details of the sale. To complete the sale of a vehicle changes must be made to the vehicle title. Read more...