4 ms·
In a lot of cases here in the States, pay day lenders also do title pawn which is where the person hands over their car title as collateral for a small loan. T
by frogpelt 12y ago
In a lot of cases here in the States, pay day lenders also do title pawn which is where the person hands over their car title as collateral for a small loan.
The lender then repossesses the car if the debtor doesn't pay.
- rahimnathwani 12y agoThis type of title loan is _much_ less common in the UK.