If you have an existing auto title loan and want to refinance a title loan this article will walk you through on the steps you need to take and teach you how to refinance a title loan.
First and foremost, you must know that the laws regarding car title loans varies by state. Use this resource here to learn about how it works in what state you are in.
Once you know the laws then you can proceed to refinance a title loan. So, with that in mind here are the steps you are going to have to take.
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First, you must have a car that can qualify to become re-financed. If you have an original title loan then you probably had no lien on your car to begin with and it was paid off. So, to refinance your existing car title loan you will likely need the following information for a lender to work with you:
At TFC Title loans, we can help you refinance your current auto title loan. While there are no guarantees your vehicle will qualify there is no risk, no hassle, and no pressure from our friendly staff. You can find out in as little as 10 minutes what your vehicle may qualify for. We work with several different lenders who can help you refinance your existing loan.
Once you call in our staff will take down your information, and then pass you along to a loan officer. The main requirement to refinance a title loan is that the lender must deem you a good risk or investment.
To put this differently: The lender must feel that once your car title loan is refinanced, there is enough equity in the vehicle for them to make a loan against it. A car title loan works by borrowing against the equity in your car, pickup truck, or SUV.
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Once you are the owner of your vehicle and it has a clear pink slip, little is require to get approved for a pink slip loan.
The entire processing is simple and fast; you can get the money you needed within a few hours of your application. This is completely opposite of banks and traditional loans that require a long process that may take days.
Pink slip loan is secured, but it doesn’t require that you hand over your car to the lender while using it as collateral. You continue driving your car for your daily routine while you pay off the loan. All that the lender needs as a security to the loan is your car pink slip and it will be returned to you as soon as you complete the repayment of the loan.
Unlike bank loans where the bank determines the repayment terms with you having no say on it, your repayment plan will be based on a conceptual agreement between you and your lender putting into consideration your source of income. If needed, the loan repayment can be elongated through a process called rolled over. It gives you a long time to pay off your balance or you can pay it off early without prepayment penalties.
To access a loan in the bank, you need a good credit score but this is not a necessity for an auto title loan, even if we checked your credit scores, it does not affect your chance of obtaining a loan. All the major documents needed are aforementioned
TFC Title Loans is your number one-stop loan source; we are close to you as our offices are located in almost every corner of the United State. We’ll offer the best loan that fits your financial situation! Our staff puts into consideration your source of income before we make any loan recommendations. Why? So that we don’t end up putting you in a situation where you lose your collateral.
TFC Title Loans offers sufficient cash through our pink slip loan to meet all kinds of needs. Our customers do not struggle to repay their loan as our repayment term is flexible and there are no hidden fees. We offer online title loans at affordable rates through lenders that are trustworthy! The majority of our customers repay their loan in their next payday with low interest since they know how much they need to repay and when it needs to be paid. We have been in existence since 1994 and thousands of people have been saved through our loan program.
At TFC Title Loans, immediately you submit an online application, a loan agent will be dedicated to you to determine how much you qualify for; taking into consideration the resale value of your car, and your source of income to ensure you will be able to afford your loan payments. This is done within couples on minutes usually 15 min or less.
A few steps and you already have the cash in your hand! Our application is easy; you can apply online or walk into any of our offices near you. You can always contact us on phone for any help regarding your application.
We know you need fast cash to aid your planning and that’s what we do when you choose us as your loan lender. We offer you fast money as long as you meet our requirements. You can get the money you need without any hassle the same day you applied for the loan.
Even while we are offering you helping hands, we still do it with courtesy. Our staffs are well trained to attend to your need without keeping you waiting, once you have all the required documents which are majorly your clear car pink slip, proof of residency, proof of income, proof of insurance; you can access our pink slip loan without any stress.
We are always discreet about any information you submit to us and we treat them as confidential as we can. Our friendly staff tell you all you need to know about the loan and ensure that you understand all prior to the signing of the loan contract. We are always available on phone1-844-242-3543 should you need any help.
Most of our competitors try as much as possible to be on a safer side so they will offer you 30 to 50% of your car resale value but, we are distinct, we take a high financial risk to satisfy our customers. We will offer you up to 85% of your car value and you can get up to $50,000 depending on the value of your car. This is rare to come across not just in Carolina, Arizona, Florida and even in any state of the U.S.
Yes. Refinancing your current title loan can help you get a better rate and lower monthly payments.
Auto title loan refinancing gives you the opportunity to work with a new lender. If you decide to refinance, your current lender will release the lien hold on your title.
If your interest rates are too high, can't make the monthly payments and had a bad experience with the quality service of your current lender, you should consider refinancing your car title loan.