These high-cost loans, also referred to as automobile name loans, require borrowers to make use of their automobile name for security. Quite simply, in the event that you can’t pay your loan back within the agreed upon terms, they could simply take your automobile.

These high-cost loans, also referred to as automobile name loans, require borrowers to make use of their automobile name for security. Quite simply, in the event that you can’t pay your loan back within the agreed upon terms, they could simply take your automobile....