 TITLE: How to Get Out of a Car Title Loan CONTENT: What Is a Title Loan?\n---------------------\nTitle loans may seem appealing if you have no credit or bad credit, as they often have low credit requirements, come with short repayment terms and they tend to be available for smaller amounts than other loans. You may be able to find title loans as small as $100, and up to $10,000.\nBut title loans tend to be outrageously expensive, with annual percentage rates (APR) around 300%. They're risky, too, since you have to use your car title as collateral for the loan. That means if you fall behind on your payment, your vehicle could be repossessed, potentially leaving you without a way to get to work or drive your kids to school. That's one reason these loans aren't legal in most states. END