How does Title Max work?

Question

Its a title pawn shop.. so you pawn the Title of your car? But you still keep your car but they give you money for the Title? How can you sell the car's title?

Answer 1

You would be putting the car up as collateral on your loan, if you failed to pay it off, the pawn shop would take your car. They will put themselves on as the lienholder, failure to pay the loan, and they come take the car, simple as that. Really bad idea, try to find another way to get the money you need.