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Finally, title loans usually come with very high interest rates and other fees. This is another measure lenders take to make these high-risk loans better investments, but it can spell trouble for the borrower. The rates advertised on auto loans are usually monthly rates, meaning the borrower ...
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Upside-down Loans The situation becomes murkier if you owe more on the title loan than the vehicle is worth. Though most title loan companies don't approve loans for anywhere near the value of the car to guard against this eventuality, it might arise if the car suddenly breaks down and be...
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