Getting a title loan should be a simple and smooth process from the beginning through the end. Here at Title Loanser auto equity loans, we focus on your needs as a customer. We are very accommodating to your needs and understand that your finances can be unstable at times. We’re willing to work with you to get your title loan as fast as possible. We can help lower your monthly payments by refinancing your current loan.
You can usually qualify to refinance your title loan if you have a stable payment history with the company to show that you’re reliable. It’s also in your favor if you’ve paid down the loan quite a bit before trying to refinance for lower rates. Make a quick call to the location where you originally obtained your title loan and question if you’d be an ideal candidate to refinance. You can even set up an appointment at the same time to come and get your title loan refinancing organized. The only thing that you have to pay at the time is the interest that has built up since you made your last payment on the loan. We’ll pay your existing loan off for you and you’ll be entered into a new loan with us for the amount of your previous loan with terms that are more favorable for your situation.
The term of your new car title loan refinance with us will range anywhere from four to 24 months depending on your circumstances. Each situation is treated on an individual basis. Since you’ve already paid off some of the loan, your new loan is for a lower amount which causes your monthly payment to go down to be more affordable. You also get the benefit of having the same interest rate that your original loan had since it wouldn’t make sense to refinance with a higher rate.
Refinancing isn’t always the ideal option, especially because it extends your repayment time, but in some cases it is necessary. Our firm understands that frustration and allows you to pay off your loan at any time without incurring any penalties or fees. You can pay it off early to save on interest if you get into a more favorable financial situation that gives you the extra income needed to pay the loan off. Times get tough sometimes, and we understand that you need a bit of help, and we’re here to help ease the stress of making the minimum monthly payment on your title loan.