Car Title Loans

Loans that are secured by the borrower's car title (correct)

Loans that are given to borrowers with a good credit score

Loans that are provided by car dealerships

Loans that can be used to purchase a car

Flexible repayment terms

No credit check required (correct)

No need for collateral

Low interest rates

The borrower's credit score will be improved

The loan will be extended for an additional period

The car will be repossessed by the lender (correct)

The borrower will be charged a late payment fee

<p>Car title loans are a type of loan where the borrower uses their car as collateral.</p> Signup and view all the answers

<p>To offer short-term financial assistance.</p> Signup and view all the answers

<p>The lender will repossess the borrower's car.</p> Signup and view all the answers