Car Title Loans

Car Title Loans

A car title loan is a short-term cash loan where the car title is used as collateral. A typical car title loan costs 300% APR, must be paid in one month, and is made for much less than the value of the car. Title loans are typically made without regard to borrowers’ ability to repay. Borrowers risk repossession if unable to repay at the end of the month.

  • Wrong Way: Wrecked By Debt - Auto Title Lending in Arizona, 01/26/16. (PDF)
  • Driven to Disaster: Car-Title Lending and It's Impact on Consumers, 02/28/2013. (PDF)
  • Driven into Debt: CFA Car Title Loan Store and Online Survey, 11/17/2005. (PDF)
  • Car Title Lending: Driving Borrowers to Financial Ruin, 04/17/2005. (PDF)   
  • Car Title Loan Law Chart, 11/16/2016. (PDF)

For more information, see CFA’s complete listings on payday and car title loan issues.