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Title Loans Good or Bad?
I am always skeptical when it comes to taking loans, I don't like any of them loans I prefer the normal work hard to earn rules, title loans is one of the best way to acquire loans but you just have to have a car to be able to take this kind of loans. I am sorry about your dad's lose and bad experience that's what's up when you book for title loans, the best way is to go for that installments title loan, you won't be on a losing side much.
Don't let these lenders make you their prey. If you're strapped for cash and you own your car free and clear, an auto title loan might seem like a good way to get some fast cash when you need it. But auto title loans are among the most expensive kinds of credit you can get, along with payday loans and pawn shops.
(01-10-2018, 10:01 AM)Henrywrites Wrote:         It has a disadvantage. Just like in a car title loan, it is possible to default on the loan and not get any money back for your car, even if you only borrowed a few hundred dollars. This occurs because car title loans are also over-secured. 
These loans aren't good and typically come with a high interest rate, besides you are putting your vehicle at risk. I would avoid this type of loan, it is almost as bad as a Payday loan. It would not be a good loan to have at all in my opinion. It would just put you in the hole.
Hmmm for me, their is no bad loan if you use the money for a good purposes, if you loan and use it for luxury your wasting your money and it can cause debts.
When you are availing an title loan and you know to your self that you don't have the capabilities to pay it, it's better to just sell the car rather than availing a loan using your car as a collateral. In this way, you can get more cash compared to just having a loan using your car. I just want to reiterate that it's not the fault of payday loans provider if your fathers cars has been taken. For sure before your father availed such loan, He is aware of the terms and condition for that. Therefore, He has responsibility to abide on such rules.

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