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Do cash advance hurt your credit

Many lawmakers have cracked down on auto title loans, which are now illegal in 23 states. If auto title loans are still legal in your state, beware. Like payday loans, they simply arent a smart choice for those with bad credit. What is collateral, and do I need it.

Collateral is an asset a borrower owns, such as a house, car, or personal valuables, that is put up to reassure payment of a loan. If a borrower fails to pay their loan, the lender is allowed to repossess the collateral and sell it in order to make their money back.

Do cash advance hurt your credit

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Do cash advance hurt your credit