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What is the Difference Between a Title Loan and a TItle Pawn

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  • 03-01-2016, 01:43 PM
    PFuller888
    What is the Difference Between a Title Loan and a TItle Pawn
    What is the difference between a Title "Pawn" and a Title "Loan"?
    Is there a LEGAL difference, or is this just tricky semantics on the part of finance companies?
    Thank you.
  • 03-01-2016, 02:44 PM
    Taxing Matters
    Re: Title "Loan" vs. Title "Pawn"
    That will depend on the applicable state law, and you did not indicate the state.
  • 03-01-2016, 02:52 PM
    adjusterjack
    Re: Title "Loan" vs. Title "Pawn"
    Quote:

    Quoting PFuller888
    View Post
    What is the difference between a Title "Pawn" and a Title "Loan"?
    Is there a LEGAL difference, or is this just tricky semantics on the part of finance companies?

    Read this:

    http://www.chesapeakepawnandgun.com/...and-pawn-loans

    If that doesn't help you, you can reveal your state and some details about what's happening to you that gives rise to the question.

    Generally, however, the nature of the financial transaction is detailed in your contract which, I hope, you will actually read and understand before you sign it.
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