Car Title Loans
“Car title loans” are a type of “payday loans” where the lender receives title to your vehicle when the loan is made. If you do make your payment(s) your car may be repossessed. These loans tend to use a model that charges large additional fees when you first obtain the loan, and when you refinance. Some lenders are affiliated with Native American tribes and claim to be exempt from Ohio consumer protection laws.
Please call our office if you are unable to pay on your loan, and are worried about your car being repossessed. Even if you file a bankruptcy, the lender will still have a right to repossess your vehicle if you are behind on payments.