Borrowers should read contract very carefully and make sure they understand what it means, before they sign it.

If you fail to pay loan, title loan lender may repossess your vehicle. However, title loan lender must first give you opportunity to make vehicle available at a date, time, and place of mutual convenience. You have right to remove your belongings from vehicle at no additional cost.

If your vehicle is sold, you are entitled to any proceeds of sale in excess of amount you owe and lender's reasonable expenses for repossession and sale.

All title loan lenders must be licensed in order to engage in title loan lending business. Each title loan lender undergoes a criminal background check to ensure that lender is qualified to issue a title loan.

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