Any recommendations for loan using car as collateral?

Feb 25, 2009 by shelli b | Posted in Credit

Hello! I'd just like a loan for about $5000 and want to use my car as collateral. It's worth at least that much. I have fair credit. How do title loans work if I went that route? How long do you usually have to pay it back? Thanks for any insight

Depends on what kind of car you have, the year model, and what condition the car is in. And, if the car title is free and clear in your name.

You can check your car's value at http://www.kbb.com

~M|ssy~ | Feb 25, 2009

What are my chances of being approved if I use my car as collateral for a loan?

Dec 17, 2009 by Ross | Posted in Personal Finance

My car is a 99 ford Taurus lx 6 cyl 4dr sedan it's in good condition and I'm willing to use it as collateral in order to get a $2000.00 loan from the bank! What are my chances of getting the loan?

hello,i am mrs thompson betty from california usa,i think you should contact alhaji abu isa loan firm all those that are seeking for loan in all categories,because last week i took a loan from him,his ways are very simple,no credit check,no cosigner,no

| Dec 21, 2009

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Kingfisher assets flying away while taxman watches

18.05.12

Very simply, think of it this way—you take a loan from your father to buy a car. Next day, you sell the car back to a leasing company which provides you with the cost of the car, and blow up the money in a series of big parties. Meanwhile, you keep taking more money from your mother to pay the loan back to your father, both of whom do not know that the car is not in your name anymore. After some time, you stop paying the leasing company the money, and ask your father for more money to buy petrol-tyres-battery and pay the driver, showing your father

Source: Moneylife Personal Finance site and magazine

car as collateral loan - Bookshelf


How to File for Chapter 7 Bankruptcy
442 pages 		How to File for Chapter 7 Bankruptcy

Creator: Stephen Elias, Albin Renauer, Robin Leonard | Law - 2011-10-23
you can't cram down mortgages on your home or newer car loans, many other types of debts are eligible. Ifyou are significantly upside down on a secured debt and you want to keep the collateral, review the material in Ch. 1 to make sure ...
Publisher: Nolo
Contemporary Economics
722 pages 		Contemporary Economics

Creator: William A. McEachern | Business & Economics - 2006-12-21
prime rate The interest rate lenders charge for loans to their most trustworthy business borrowers collateral An asset owned ... For example, different interest rates apply to home mortgages, car loans, personal loans, business loans, ...
Publisher: South-Western Pub
Economics, A Contemporary Introduction
806 pages 		Economics, A Contemporary Introduction

Creator: William A. McEachern | 2011-01-01
With business loans, any valuable asset—land, buildings, machinery—the firm owns can serve as collateral. With a home mortgage, the home itself becomes collateral. And with a car loan, the car becomes collateral.
Publisher: South-Western Pub

Cash Loans With Car As Collateral Article

Cash loans with car as collateral will allow borrowers to get money quickly because, essentially, they are promising a lender that if a payment is late, he can keep the vehicle. These are generally last chance loans to pay for an emergency expense. To seek one for any other need would be reckless since the borrower can lose the car and lose credibility. They are sometimes called auto title loans, since the lender holds the title (proof...

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car as collateral loan - News


Former Stillwater auto dealer faces trial for fraud
Minneapolis Star Tribune - May 05, 2011
The vehicles were to serve as collateral on the loan, which was to be paid back as the vehicles were sold. According to the complaint, however, Routson hid the sale of dozens of vehicles from the bank in order to avoid paying back the money.

Stopping payments is bad idea
Columbia Daily Tribune - May 02, 2011
When you stop paying your car loan, the lender will come after the collateral for the loan (the car) in very short order. So a repossession of your vehicle would quickly follow nonpayment and default of your loan agreement. This typically occurs after

'Payday loans' may return
Nashua Telegraph - Apr 28, 2011
The title loan bill (SB 57) would allow loans with interest of up to 25 percent every month, usually with the borrower's car title as collateral. “We should not take the right away from the citizenry to do what they want. Sometimes they do what they

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Infoshop News - Apr 28, 2011
Some assured unsecured particular loan is a special type regarding loan that, unlike bank loans, does not require you to have every collateral. They are designed for people who require short-term loans and achieve not have any home or car that they may

Logbook Loans-Stress less financial aid for car owners
Online PR News (press release) - May 03, 2011
The good thing about this loan assistance is that one can enjoy driving their car anywhere around the world without any lender's pressure. Get this loan aid without following any messy formalities like undergoing credit checking process and collateral

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