A car title loan from Canadian Title Store is a type of secured loan where the borrower uses their vehicle as collateral. The lender holds the title of the vehicle as collateral until the loan is repaid. The loan amount is based on the value of the vehicle and the borrower is typically required to repay the loan within a short period of time, such as 30 days. The interest rates on these loans can be high, and if the borrower is unable to repay the loan, they risk losing their vehicle. It is important to carefully consider the terms of the loan and make sure you can afford the monthly payments before taking out a car title loan.
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