Can I use my car's title as collateral for a car equity loan?

1 Answer

Answer :

When it comes to using collateral for a car equity loan using your car title is an option through certain loan providers it just depends on their qualifications and the value of your car.

Related questions

Description : If I default on my personal loan agreement, can they repossess my collateral?

Last Answer : Your property can be subject to repossession if you default on a loan. This can be the case if you put up part of your collateral as a guarantee for your loan.

Description : STOCK LOAN OFFER: Do you have Stocks of Public Listed Firm Do you want to borrow capital base on Stocks as Collateral?

Last Answer : STOCK LOAN OFFER: Do you have Stocks of Public Listed Firm? Do you want to borrow capital base on Stocks as Collateral? Most of Stocks Investors, especially Owners and/or ... Securities-Backed Financing/Lending Product we offered to Public Listed Companies worldwide. Our Stock Loan’s Lending

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

Description : A loan which is secured by collateral and for which borrower is not personally liable is called __________ A. Secured loan B. Syndicated loan C. Non-Recourse loan D. No Documentation loan

Last Answer : C. Non-Recourse loan Explanation: A non-recourse debt is a type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral ... any further compensation, even if the collateral does not cover the full value of the defaulted amount.

Description : How does a home equity loan work?

Last Answer : answer:Is a secured loan where you borrow against the equity in your house. This is calculated by taking the appraised market value of your home minus what you owe on the house. Say you paid $200k for your house ... at $225k. $225 - $150 = $75k in equity that you can borrow in a HEL Good Luck ! R

Description : Can interest on Home Equity loan be deducted from federal taxes

Last Answer : The interest on most home equity loans is tax deductible. There are limitations to interest deductions for home equity loans depending on what the loan is used for. For more information about home equity loan tax deductions, see IRS Publication 936, Home Mortgage Interest Deduction .

Description : Auto Loan vs. Home Equity Loan?

Last Answer : Auto Loan vs. Home Equity LoanHome equity loans often have lower interest rates than autoloans and the interest may be tax deductible. Two good reasons totake a look at home equity loans to finance your automobilepurchase.

Description : Can I get a home equity loan from a Texas bank if I live in another state?

Last Answer : You should be able to get a home equity loan if you live in another state. The most important factor is your credit rating.

Description : What is the average interest rate on a Home Equity Loan in Texas?

Last Answer : The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%

Description : What are current rates on an equity loan?

Last Answer : Most equity loans are loaning money at least at 5%. Interest rates do vary from loan to loan based on the credit worthiness of the loan.

Description : When getting an auto loan, is the title different in California than paying cash for a car?

Last Answer : Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.

Description : Can I ask for a title loan when purchasing a new car.?

Last Answer : No. You are not able to get a title loan on a car that is not fully owned by you. By this it means if there is a lean on your vehicle you are not able to get a loan on it, because it is not yours to give away if you do not pay your loan off with the company.

Description : What do countries use as collateral when borrowing money?

Last Answer : Our credit rating and our reputation is really the collateral. The US borrows money by issuing debt. This means the Government sells Treasury securites like T-bills, notes, bonds et al to other agencies ... interest on these debts and must pay the value when the security is cashed in by the buyer.

Description : Do combantants really use the tactic of having women and children stand behind them to create collateral damage?

Last Answer : All the time. Hezbollah does it as a matter of policy.

Description : Can your husband use your jointly owned property as collateral?

Last Answer : What is the answer ?

Description : Do you have any thoughts on the concept of collateral damage?

Last Answer : Can I have the source where you got this information?

Description : Explain the terms 'collateral' and 'terms of credit'. -SST 10th

Last Answer : Collateral is an asset that the borrower owns (such as land, building, vehicle, livestock, deposits with banks) and uses this as a guarantee to a lender until the loan is repaid. The terms ... one credit arrangement to another. They may vary depending on the nature of the lender and the borrower.

Description : Why does the formal or informal sector ask for a collateral? -SST 10th

Last Answer : . Every loan agreement specifies an interest rate which the borrower must pay to the lender along with the repayment of the principal. . In addition, lenders may demand a collateral or an asset ... and the mode of repayment are the terms of credit required for formal or informal sectors for loans.

Description : What is collateral ? -SST 10th

Last Answer : Collateral is an asset which is a property of a borrower of loan such as - land, building, livestock, deposits with bank etc. The borrower uses this 'asset' as a guarantee to the lender (the one who gives money) until the loan is repaid by the borrower.

Description : What is collateral ? Why do lenders ask for collateral while lending ? Explain. -SST 10th

Last Answer : Collateral is an asset owned by the borrower like land, building etc, and is used as a guarantee to the lender till the loan is repaid. Lenders ask for collateral because: 1. It serves as a ... . 2. In case of failure of repayment of the loan, the lender can take the collateral as compensation.

Description : Why do banks ask for collateral while giving credit to a borrower ? -SST 10th

Last Answer : Collateral is a guarantee to the bank so that if the borrower fails to repay the loan, the bank can sell the collateral and obtain the amount.

Description : What do you mean by the term 'collateral' ? -SST 10th

Last Answer : Collateral is an asset which is a property of a borrower of loan such as - land, building, livestock, deposits with bank etc. The borrower uses this 'asset' as a guarantee to the lender (the one ... the loan is repaid by the borrower. NOTE - Collateral is a part of the terms and conditions set by

Description : Give some common examples of collateral used for borrowing. -SST 10th

Last Answer : Property such as land titles, deposits with banks, livestock are some common examples of collateral used for borrowing.

Description : Why do lenders ask for collateral while lending ? -SST 10th

Last Answer : Lenders ask for collateral as security against loans. If the borrower fails to repay the loan, the lender has the right to sell the asset-or collateral to recover the payment. Collateral assets ... defaults on repayment of loan. It is for this reason that lenders ask for collateral while lending.

Description : Difference between collateral and bicollateral vascular bundle. -Biology

Last Answer : answer:

Description : Which bank lends without collateral ?

Last Answer : Grameen Bank gives loan without collateral

Description : Is it possible to open a diner with no collateral?

Last Answer : Only banks who offer business loans can answer this or try getting a small business loan through the government. I do not believe they require collateral.

Description : Why do lenders ask for collateral while lending?

Last Answer : Feel Free to Answer

Description : Lateral collateral ligament (LCL) injury?

Last Answer : DefinitionLateral collateral ligament (LCL) injury is a stretch, partial tear, or complete tear of the ligament on the outside of the knee.Alternative NamesLCL injury; Knee injury - lateral ... AidA lateral collateral ligament test may reveal looseness in the ligament. This involves bending t

Description : Medial collateral ligament (MCL) injury of the knee?

Last Answer : DefinitionMedial collateral ligament (MCL) injury is a stretch, partial tear, or complete tear of the ligament on the inside of the knee.Alternative NamesKnee injury - medial collateral ligament (MCL); MCL ... provider will examine your knee. An MCL test will be done to detect looseness of the lig

Description : Do you do start business loans. I have no collateral and I do not have money invested. Its just me and the idea for the store.?

Last Answer : No you can only get a business loan with something down.

Description : According to this lesson, what term is the way for commanders to adhere to LoW by weighing risk of collateral damage against military necessity and proportionality within the framework of the military decision-making process?

Last Answer : Collateral Damage Estimation Methodology (CDM)

Description : The product of the Collateral Damage Estimation Methodology (CDM) is known as the?

Last Answer : Collateral Damage Estimation (CDE)

Description : If xylem and phloem are arranged in the same radius, such a vascular bundle is called : (1) collateral (2) bicollateral (3) concentric (4) radial

Last Answer : (1) collateral Explanation: In the collateral type of vascular bundle, xylem and phloem are arranged side by side on the same radius. This may be either open or closed. Usually xylem is seen ... the inner side and phloem towards outer side. The collateral vascular bundle is also known as conjoint.

Description : Collateral Security in Business means 1. Additional or Supporting security 2. No security 3. Security in the form of Gold 4. Security for top executives 5. None of these

Last Answer : Additional or Supporting security

Description : A combination of any two or more network topologies are known as: a) Bi-Lateral b) Hybrid c) Collateral d) None of These

Last Answer : b) Hybrid

Description : 5. An IOU of the Federal Reserve Bank of San Francisco to Bank of America is called: a. discounts b. federal funds c. reserves d. collateral

Last Answer : c. reserves

Description : A warranty is a stipulation which is A. Essential to the main purpose of contract of sale. B. Essential for buyer's specific purpose. C. Collateral to the main purpose of contract of sale. D. None of these

Last Answer : C. Collateral to the main purpose of contract of sale.

Description : In case of void agreements, collateral transactions are A. Also void B. Unenforceable C. Not affected D. Illegal

Last Answer : A. Also void

Description : Warranty is a contract means a) collateral to main purpose b)condition to main purpose c) representation to main purpose d)none of the above

Last Answer : a) collateral to main purpose

Description : Repo Market means (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument (b) A money market ... instrument which helps in collateral short term borrowing through sale and purchase operation in debt instrument

Last Answer : (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument 

Description : If xylem and phloem are arranged in the same radius, such a vascular bundle is called : (1) collateral (2) bicollateral (3) concentric (4) radial

Last Answer : collateral

Description : What are some disadvantages of an auto title loan?

Last Answer : Auto title loans are risky at best. Interest rates are very high, it may become impossible to pay off the loan. A good article about the disadvantages of an auto title loan can be found ... -08/living/aa.car.title.loans_1_car-title-loan-interest-rates-responsible-lending-for-title-loans?_s=PM:LIVING

Description : What happens if I don't repay an auto title loan?

Last Answer : You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.

Description : What is the typical term length of a title loan?

Last Answer : The typical term length of a title loan is 3 years.

Description : How do I go about getting a title loan so I can make a mortgage payment?

Last Answer : You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.

Description : I am looking for a title loan for a commercial truck ?

Last Answer : No you should not a permit if you are using an inflatable pool. As long as you are using it for your personal use and not for a group of kids or something like that.

Description : Is there a fee to pay to remove ones name off of title and or loan on a home in florida.?

Last Answer : There is a fee to get someone off your title because you would have to get a new title. As for getting someone off a mortgage, you would need to refinance the loan without that other person on the loan and there are always cost associated with doing that.

Description : How can I buy Repossessed Cars from bank or title lender?

Last Answer : These entities regularly auction off repossessed cars. Places and times vary by bank and region, so call the banks in your area to get started.