You should understand that title loans are different from bank loans you may have taken out earlier. Title loans are secured by your auto title and for that reason if you don’t make timely payments the lender may repossess your vehicle. But if you do pay it off in a timely manner your credit history may increase. Moreover, it is important to read about different lenders offering auto title loans and choose the one with good interest rates and flexible payment options. Generally, every person who owns an auto with clean title can receive a title loan and no credit check is necessary. This loan is called secured simply because you have to give your title to the lender. Austin Title Loans will even let you drive the actual auto while paying off the loan.