Category guide
Car title loans
A car title loan lets you borrow against a vehicle you already own and keep driving it. It funds fast and ignores credit — but it's expensive and puts your vehicle at risk if you default.
What a car title loan covers
A car title loan is a secured loan against a vehicle you own outright. The lender registers a lien on the title and you keep driving the car while you repay. Because the vehicle is collateral, approval rests on its value rather than your credit.
What it costs, and the risk
Title loans fund quickly and accept weak credit, but they're expensive and the term is short. The critical risk is collateral: miss the payments and the lender can repossess and sell your vehicle. Read the total cost of borrowing and the default terms carefully.
How to borrow smart
Borrow only what you can repay on schedule, and confirm the lender is licensed in your province. Check whether an installment loan or another secured option would cost less. Use the directory to compare car title lenders near you by rating.