Title loans previously developed in the mid 1990s and opened another market to people with poor credit and have become progressively prevalent, according to considers by the Center for Responsible Lending and Consumer Federation of America. Like a conventional car title loan, a car title pawn uses both the car title and the physical vehicle to anchor the loan much like any anchored loan works, and there are a similar hazard and factors required for the borrower however by and large they will get more cash in the exchange since the moneylender has both the vehicle and title in their ownership.