I really hate to admit this because it is very embarrassing. Shhh!! Don't tell my mother. I am on a fixed budget. I got a nice settlement from the VA(Veterans Affairs). I decided to purchase my mothers old 2003 Cadillac. I paid less than 5k which is a great deal. I had the title and everything. Well true intelligence took over and I pawned the title to my car for extra money. What I didn't realize this is a racket. I was paying the monthly amount not realizing that you are not paying off anything. I'm talking about $500 + per month. One day I saw this ad to payoff your car title loan. This made me curious so I called the car title place and found out I did not make a dent in it. I felt so dumb. lol!! So I get the company to buy out the loan and I make monthly payments to them. I will never do that again. Please don't do a title loan for a large amount of money unless you plan on paying it off quickly. Some people may know this, but I didn't.