If you're considering a title loan, you might be wondering what the highest interest rate is. After all, title loans are notorious for having high interest rates. But the answer isn't as simple as you might think.
The truth is, there is no one highest interest rate on title loans. Interest rates on title loans can vary widely from lender to lender - and even from state to state. In some states, title loan companies are regulated and capped at a certain interest rate. In other states, there are no regulations at all - which means that lenders can charge whatever interest rate they want.
So, if you're considering a title loan, it's important to do your research and shop around before commiti