SIC Code 6141-10 - Title Loans

Marketing Level - SIC 6-Digit

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SIC Code 6141-10 Description (6-Digit)

Title loans are a type of personal credit institution that offer short-term loans to individuals in exchange for the borrower's vehicle title as collateral. This industry involves lending money to individuals who may not have access to traditional forms of credit, such as bank loans or credit cards. Title loans typically have high interest rates and fees, and the borrower risks losing their vehicle if they are unable to repay the loan.

Hierarchy Navigation for SIC 6-Digit Code 6141-10

Parent Code (less specific)

Tools

  • Loan application software
  • Vehicle valuation tools
  • Credit scoring models
  • Loan servicing software
  • Payment processing systems
  • Customer relationship management (CRM) software
  • Loan origination software
  • Risk management tools
  • Compliance management software
  • Collection software

Industry Examples of Title Loans

  • Car title loans
  • Motorcycle title loans
  • Boat title loans
  • RV title loans
  • Truck title loans
  • Construction equipment title loans
  • Farm equipment title loans
  • Heavy machinery title loans
  • Classic car title loans
  • Luxury vehicle title loans

SIC Code 6141-10 - Title Loans

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