Does using Collateral, such as a car, help get you a personal loan?

[markers]

I know they take into account your debt to income ratio, your credit score, and things of that sort. But if you used Collateral would that trump those things?

 

[Anjell]

Using a car as collateral is called a title loan, meaning if you default on your loan repayment, the lender will get the car "title" on your vehicle. Of course this only works if you've fully paid off the vehicle or at least very near to paid it off.