Does paying down a name loan create your credit? What’s a title loan? A title loan could be the term useful for a loan that is secured that the debtor or borrowers pledge the name of a valuable asset as security. In layman’s terms: you (the debtor) obtain a sum of cash (loan) from a lender you accept pay off over an agreed upon period. In trade, you promise a secured asset (your house, car, bike or motorboat, for instance)…