18. Car Title Loans – car titles are good collateral for smaller loans since cars can be repossessed and sold in a reasonably cost-effective manner if the borrower defaults.
The market is fragmented without dominant national players. That means that even small investors can often participate in this investment.
Check your state laws to see if a license is required in order to make car title loans, and if any usery laws exist which cap the maximum interest rate you can charge.
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