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Getting a title loan on your car, boat, or RV is a great way to get cash for a short term loan. As long as you are able to pay it back within a month or two, it can make sense when you are in a pinch! Interest rates vary, so be sure to shop around. When comparing the loans you want to keep two things in mind:
1. What is the total loan amount when I walk out the door? (also known as the principal - sometimes fees get added to the amount you are borrowing)
2. What is my weekly / biweekly / monthly payment? (make sure you are getting quotes that have the same payment schedule)
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| If your vehicle is paid off, you can get a personal loan using the title as collateral! |
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