Is there a loan that will accept a truck title as collateral? Can the loan be paid off in monthly payments?

Question by Tammy D: Is there a loan that will accept a truck title as collateral? Can the loan be paid off in monthly payments?
I have bad credit but make very good money. I would like to use a truck as collateral, like a secured loan. Is there a place that will do that for me?

Best answer:

credit union maybe. You might sign over the title to them and then make auto payments.