A financial institution that makes loans using a borrower's car as collateral is called a: Х
A. payday lender
B. retail bank.
C. title pawn lender.
D. credit union.

A finance institution that makes loans through the use of a borrowers car as collateral is called a  title pawn lender.

This is a type of lending that has the title cars lenders losing their cars when they fail to pay back their loans.

In this type of loan the collateral is 20% of the car title which the owner of the car loses as they continue to collect new loans to cover for old loans.

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