A car can be used as collateral for a loan even if your credit score is low. You'll also enjoy convenient repayment terms up to 7 years in length.A personal loan can be secured with an asset, but it is more commonly unsecured. Complete this easy fourstep application, and we will contact you with your customized financing options. We even cater to those with less-than-perfect credit. No, not a line of credit. OP could borrow whatever a lender would give them based on the value of the car and use the loan to pay down the debt. If you're worried about how to get out of debt, here are some things to know — and how to find legitimate help. Learn how to get out of a car title loan without losing your vehicle. Follow these proven methods to save your car and your sanity.