Is there a loan that will accept a truck title as collateral? Can the loan be paid off in monthly payments?

I have bad credit but make very good money. I would like to use a truck as collateral, like a secured loan. Is there a place that will do that for me?

Answers:
Finance companies normally loan to poor credit clients that have adequate collateral. Rates are higher than normal but you can always refinance when your credit has improved. Good Luck

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credit union maybe. You might sign over the title to them and then make auto payments.

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Generaly speaking finance companies do not want to loan money using an already owned vehicle as the asset backing the loan. This is especially true if you have bad credit.

I had my own experience buying a car after the lease was up and trying to get a car loan for 80% of the value and I had perfect credit and dealing with my own bank. Finally http://www.carloans.com/ came through. I don't know if they still do this.

Dah dude

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The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.

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