How to Get a Title Loan Buyout
If you have a car title loan, all you can think of right now, day and nice, is the very near date when that short-term loan will come due. It certainly should be top of mind. If you can’t make that steep lump sum payment on that due date, it’s very likely that you’ll lose your car.
No wonder car title loans are illegal in half the states. They should be off limits in all of them, but since they’re not let’s have a quick overview of what a title loan is and why it’s so bad. Then I’ll explain a much better alternative.
Risky short-term loans
Sometimes also called pawn loans, car title loans are very short term deals, with your automobile used as collateral. If you can’t pay your loan in the 30 or 90 days the bill comes due, the lender keeps your ride.
That payment is so steep for several reasons. In the first place, you’re not given several months or even years to pay off the amount, like with conventional loans. It’s often set up so you make just one lump sum repayment at the end of 30 days or so.
Another disadvantage is that the loan comes with an extremely high interest rate. In fact, car title loans have an average annual percentage rate (APR) of about 300 percent. That’s incredibly high!
People apply for car title loans as a last resort, when they need money immediately and can’t think of another way of getting it without a refinance. When they take out the loan they hope they can pay it back in total — along with that hefty interest rate — in a month or so. In about one in five cases, the debtors lose their car by not being able to pay back this outrageously high loan. Fortunately, there’s a better way.
Save thousands of dollars
At TitleLoanser, we’re in the business of rescuing the victims of predatory auto title lenders with banks that buyout title loans. We’ll help you restructure your loan so that you’ll get a lower interest rate, lower monthly payments and longer to pay. We’ll stretch the loan repayment period so you won’t be hit with the need to make a single lump sum payment you couldn’t possibly make.
You can save thousands of dollars over the life of your loan compared to what you’d pay with a car title loan. Here are some of the additional advantages you’ll find with a loan from our registration loan lenders.
You can get your cash in 30 minutes or less.
You’ll be considered for a loan even if you have bad credit, no credit or a bankruptcy.
You’ll pay a consistent amount every month, not a lump sum that will break your budget.
You’ll get to drive your car during the life of the loan.
You can start to rebuild your credit history by making your easier monthly payments.
We have reputable lenders, that are accredited by the Better Business Bureau.
Call 1-800-New-Rate today
Don’t lose much more sleep worrying about the state of your car title loan and the real possibility of losing your ride if you can’t soon come up with an impossible sum.
We’ve got you covered so call 877-872-3660. Simply pick up the phone and give us a call at 877-872-3660. Tell us about your loan and we’ll explain exactly what we can do and what you’ll pay. Now stop worrying about losing your car.