For those that have varying degrees of credit, they could be denied approval for a loan. So where do people turn? Fortunately, emergency funding may be available to those that need it, regardless of their current credit score. One of these types of emergency funding options are title loans. A title loan is a secured loan that uses collateral. The borrowers qualifying car title is given to the lender as collateral until the loan is repaid. For most title loans, the loan amount given to a qualified borrower is based on the value of their vehicle via the Kelley Blue Book (KBB).