What is a Pink Slip loan and what is an auto pawn? Are they car title loans?
A pink slip loan is a car title loan. In California, a car title certificate is known as a pink slip. As said above, an auto pawn can be used to describe different types of loan. In one case, the borrower receives a loan and the lender holds onto the car until the loan is paid off. On the other hand, an auto pawn is sometimes the same as a car title loan – this is also referred to as a title pawn.
For more car title loan information,visit California Car Title Loans and see the page on pink sliploans in California.
