Sigma solutions loan

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You might consider a car title loan if you need fast cash. Most vehicle owners who’ve paid off their automobile loans qualify for this type of cash loan, and many lenders don’t require a credit check.

You use your car’s title as collateral to secure the loan. The lender places a lien on the title, which gives it the right to repossess the vehicle without going to court if you miss a payment.

Title loans are expensive and risky. Although title loans are no cheaper than payday loans, you have more to lose if you don’t make the payments.

Twenty percent of title loan recipients forfeit their vehicles due to default. That’s why it’s a good idea to consider your other loan options if you worry about making your payments on time.