Automobile Title Loans is a type of personal credit institution that specializes in providing short-term loans to individuals who own a vehicle. These loans are secured by the borrower's vehicle, which serves as collateral for the loan. The borrower must have a clear title to the vehicle, meaning that there are no outstanding liens or loans on the vehicle. The loan amount is typically based on the value of the vehicle and the borrower's ability to repay the loan. Automobile Title Loans are often used by individuals who need quick access to cash and may not have good credit or access to traditional loans.