- Automobile Title LoansYour car can be used to borrow money and this is where car title loans come in. Unlike credit cards which are unsecured, getting a personal loan with a car would require you giving up the title to your lender till you are able to pay back. Collateral is something which helps you in guaranteeing a...May 26, 2019The answer to this question is yes, you can use your car as collateral for a loan. In a situation where you borrow money through a credit card, then there would be absolutely no need for collateral. This is basically Because credit cards are forms of unsecured loans where credit is given to the...May 26, 2019There are so many ways to get a personal loan and they are: Borrowing Against Your Car There are a number of secured personal loans while using a car as form collateral. These loans are known as auto equity loans where you borrow money against the value of your vehicle which has to be yours and...