E- Title Loans are short-term loans where the borrower uses the title to his/her vehicle as collateral. The borrower keeps possession of their vehicle, but the lender obtains a security interest in the vehicle and could possibly repossess the vehicle if the loan is not repaid. Title Loans are usually larger than payday loans.
Charlotta Robel is a highly accomplished financial writer and content manager for Gadcapital.com. She holds an MD in Philology from the University of Cambridge, one of the most prestigious universities in the world. Her studies there honed her critical thinking and analytical skills, which she now applies to her work in the finance industry.