09 Dec 2016   /   0 comments

Paying Off a Title Loan

Paul

TFC Title Loans strives to make paying off a title loan as simple as possible. You may have come across this page because you are considering getting a title loan and are slightly worried how you will pay it off. Or you may have stumbled on this page because you are in the midst of paying off a title loan and are currently facing some struggles. Either way, we believe it is our responsibility to help you through every step of the process by giving you strategies, helpful tools, and alternative options.

We have been helping the residents of California, Arizona, and New Mexico with their car title loans since 1994, making us the oldest car title loan lender in California. With so much experience in the title loan industry, we have been able to gain extensive knowledge on how to perfect the lending and repayment process. Having worked with countless customers over the years, we are more equipped than ever to assist you in any ways you might struggle or feel confused about the repayment process.

Over the past 25 years, we have drawn thousands of customers to obtain a title loan from us and seen them through successfully to completion of the loan repayment. Consumer education and lender transparency are top priorities of ours which is why we drafted this article to help you go about paying off your title loan. If you haven’t gotten a title loan with us yet and feel ready to do so, then fill out our online application or give us a call today!

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Ways to Pay Off Your Title Loan

There are several convenient ways for you to make payments on your title loan. We continue working on new enhancements to our payment structure so this list may continue getting longer over time. For now, these are the available options we have:

  • Mail in your payments just like you do with your rent check or your utility check. That way you won’t forget.
  • Pay over the phone with a card by talking with one of our friendly loan agents.
  • You can make your loan payment in person at one of our numerous locations with cash, card, or check!
  • You can pay at a local MoneyGram center or use MoneyGram online. The standard fee for making a payment through MoneyGram is $9.95 and MoneyGram’s online service has a $600 limit per transaction.
  • We also accept payments via Western Union to make it as convenient for you as possible.

 

Strategize Paying Off Your Loan

When you receive your loan from us, it’s a smart idea to start strategizing on how you will go about paying down the loan. If you make thorough plans, then you are more likely to stay on track or even get ahead of the game. We charge absolutely no interest rates so you can pay off the loan as quickly as you’d like.

  • Make sure to calculate the monthly loan payments into your budget so you always have enough money left over to make the scheduled payment. If you are not already budgeting, it would be a great idea to start now.
  • When you have extra resources available, try to pay more than the monthly requirement. By doing this you will decrease the interest you will need to pay on the loan.
  • Make sure to stay up to date with all of your billing statements so you can keep track of how much is paid and how much is still to be paid. By doing this you will also ensure that you always know when your next payment is due.
  • Give us a call to check in on a regular basis. This will make you feel more secure and less worried. An open communication line with your lender will make it easier for you to reach out to us if you need help.
  • If ever you have questions concerning your payments, call us right away so nothing gets lost in translation.
  • If you want to be really ambitious, then you could calculate the interest on your own and make a personalized payment plan to pay the title loan off earlier than the scheduled date. That way you could follow your own schedule rather than ours and avoid a lot of interest.
  • Research new ways to make extra income on the side; such as driving for Uber or making passive income.

If you have any more questions to ask about paying off a title loan, then give us a call. We always have customer representatives waiting by the phone who would be happy to help you out in any way they can. If you already have a title loan with another lender but feel unhappy with that lender, then we can refinance your loan for you. If you are interested in either refinancing your current loan or getting a new title loan with us, then fill out our online application or give us a call today.

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