Final answer:
Title pawn lenders use a borrower's car as collateral for loans, holding the vehicle's title until the loan is repaid, often with high-interest rates.
Explanation:
Title pawn lenders are financial institutions that provide loans using a borrower's car as collateral. They operate by holding the vehicle's title until the loan is repaid. These lenders often charge high interest rates due to the risk involved in this type of borrowing.
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