A car or truck name loan — also called a loan that is pink-slip name pledge or title pawn — is a little, short-term, high-rate loan that makes use of the clear name on the car as security.

A car or truck name loan — also called a loan that is pink-slip name pledge or title pawn — is a little, short-term, high-rate loan that makes use of the clear name on the car as security. You’ve most likely heard or seen advertisements such as these. If...