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.
All around the world, it’s obvious that people invest more time working, the majority of people pay more attention to their job than anything else forgetting that while the body grows old, the job still remains.
Many attached this pedantic working attitude to the fact that the recession has affected a huge part of the economy forgetting that there is time for everything. When you loaded yourself with multiple tasks and work pressure, it changes your entire body system and a reaction in the body system will definitely occur.
Suitability fights then follow. Constant pressure on the brain will lead to stress, which can linger long in the body system even while you are off work. Stress can result into a blurry thinking and completely prevent you from thinking straight which will drastically affect your efficiency and concentration at work.
Vacation is the only way to reduce this mental stress and to also refresh the mind for total concentration. Big thanks to different writers and medical practitioners around the world that advocated for the need for vacation and rest. Majority of them clearly points out the importance such that it is visible to the blind and audible to the deaf.
Also, I noticed many young people don’t really have the chance to achieve their dream wedding; the majority of these victims has been discouraged by friends or family who has one way or the other failed to contribute their quota financially. Sometimes, the flop might be from the DJ, decoration, foods, and drinks, cake, in short, the flops always are from a financial angle.
Recently, there has been a drastic change in people perspective towards vacation as many now see it as an avenue to reduce the stress, refresh the brain and as well spend quality time with family. This change does not exclude the wedding as well, many people tend to marry late to achieve their dreamy elaborate wedding. But, then, is it all the people that realize the importance of vacation as well as memorable wedding truly achieve the type they want? Obviously, if you ask me, I will tell you no because, the expense of doing so to the fullest has deprived many people of achieving their true dream, here and there, many seek for the best alternative rather than enjoying the best.
Should this be so? No, it shouldn’t, many people who are not financial buoyant like you do still enjoy what you fail to enjoy, they still visit their dream location during their vacation. Many people who earn have of your earning still have a fantastic wedding; there is no any other reason for that than the fact that they seek for help at the right place. We’ll help you fulfill your dream during your next vacation; we will borrow the money you need to make your wedding a memorable one through our pink slip loan.
While many consider wedding not enough reason to put your car as collateral not to talk of traveling for vacation, I believe the risk is worth taking. Experiencing that magical wedding day, or going to a brand new place when you have the opportunity, are both important life milestones that shouldn’t be stressful due to a shortage of quick cash.
Pink slip loan is a loan type that has no hassle, required fewer documents and offer money faster than any other loan. You get money against the title of your car rather than running around to sign papers.
Read more about pink slips from https://www.merriam-webster.com/dictionary/pink%20slip.
Numerous are the reasons to consider pink slip loans when there is a need to consider a loan for your vacation or wedding. Below are few of the numerous reasons:
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 a 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 need 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 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 loans 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 recommendation. 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 need. 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! 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.
The working principle of pink slip loans is simple; it requires that you borrow money against the resale value of your car. The title of your car will stand as the collateral security for the loan. A lien will be placed on the title of your car during the loan period but will be removed and returned to you immediately after the completion of the repayment. The entire process is easy with the Auto Money 4-step process!
This is the initial stage of the process. It requires that you fill and submit a simple online application. This entails your basic contact information. And, the car details such as manufacturing year, model, manufacturer, and mileage. This detail will give an insight into how much you can get with your car.
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.
Bring all necessary documents along with your vehicle to any of our offices close to you for assessment.
Your check will be available the same day without any delay.
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 residence, 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.
You need your vehicle for your comfort on a daily basis. So, when you get a pink slip loan from us, you keep your car while you owe the loan to us. We put you first and that is why we designed our title loan to offer you money without causing any havoc to your lifestyle.
Our title loan is cheaper when compared to other types of loan especially loans from payday, banks, and cash advances. This can be attributed to our low interest rates. We offer you low interest because it’s a secured loan as your vehicle serves as the security for the loan.
We ensure that you understand all the details in our drafted loan deal. This includes the amount payable, capital, interest, and repayment break down before signing the deal. There are no hidden fees apart from the one you sign in the loan deal.
When you need huge urgent cash that a car resale value cannot be enough to get you? You can use different cars to serve as the collateral. However, it is important for you to be sure that you will be able to repay the loan as default may result in losing your cars.
Unlike banks and other conventional loans that regarded credit check as a top priority? TFC Title Loans doesn’t need your credit reports. We may check but it doesn’t disqualify you for a loan. Pink slip loans are obtained using your vehicle title as collateral. So, without your credit scores, we still feel relax and have full confidence in you. We do so in that you will make your payment on time.
We do all we can to ensure our customers’ satisfaction! TFC Title Loans offers a long period as long as 24 to 48 months for repayment. Also, schedule a repayment plan in accordance with our customer source of income. But vast majorities of our customer repay their loan on time. Why? They pay less interest! We told them the amount to pay and when to pay. We offer loan renewal for our clients who are unable to pay at the right time. This permits them to pay only the interest and renew the capital into a fresh loan.
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.