Can I Refinance a Title Loan when I am Unemployed?

February 21, 2019

There are plenty of reasons why someone may want to refinance a title loan. Perhaps some important purchases are coming up, and you’d like to have more pocket money. Refinancing could help you save a little more money.

If you’ve recently become unemployed, you probably need to save more money to get by. Refinancing could help you achieve that. But keep in mind that acquiring a loan is difficult when you’re unemployed, and a refinanced title loan is no exception. Learn how MaxCash could help maximize your chances.

Title Loans Step 1: The MaxCash Inquiry

The title loan refinance process starts with the online inquiry. Go ahead and contact MaxCash one of two ways: call toll-free at (833) 207-9052 or send an email to Info@MaxCash.com.

A helpful MaxCash agent will ask you for specific information that will aid you in successfully refinancing your loan. That required information will include:

  • Your Location – Nothing specific like a home address, just your zip code, city, and state.
  • Your Contact Information – Your email, phone number, and full name, so that MaxCash or the compatible lender we find for you can contact you.
  • Your Prior Loan’s Information – In order to properly refinance a title loan, your potential future lender will need to know what they’re trying to improve on.
  • Your Income Level – This is where things get tricky. When a borrower is unemployed, chances are that lenders will be a lot stricter when giving approval. Make sure you can demonstrate that you can continue to make monthly loan payments in some way.

Title Loan Step 2: Tracking Down a Lender

Finding a lender willing to work with you when you’re unemployed is a difficult task. But when someone is working with MaxCash to refinance their title loan, all the tedious research work is done for them.

MaxCash will use your location information to find title loan lenders that serve your area. MaxCash will make a case on your behalf and ask if they would like to do business with you.

The title loan lenders will look over your information, and if they’re interested in helping you refinance your title loan, they’ll make an initial loan offer.

Title Loan Step 3: Making a Deal

When making any large financial decision, there’s always a portion of the process that’s dedicated solely to negotiation and bartering. It’s a difficult skill to pick up, especially when arguing from a point of disadvantage, such as unemployment. But with MaxCash, all the haggling is done for you. They’ll ask the tough questions and argue for better terms.

After negotiating with lenders, MaxCash will compare all the loan offers and determine which is the best one for your financial situation. It’s this loan offer that MaxCash will present to you.

Title Loan Step 4: Finding a Connection

Once your lender has been found, it’ll be time for you to meet them so you two can discuss the remaining loan details. Before you can do that though, you’ll need to establish just how communication will go down between you.

You have the option to get in touch with your lender directly over the phone. Or, you may choose to communicate via email with the lender.

Title Loan Step 5: Your Loan, Completed

Once you’ve completed the other four steps in the process, there’s one last thing you’ll need to establish with your lender: how to exchange money. There’s generally three ways you can receive your title loan money.

  1. An In-Person Meeting – This method ensures your funds are delivered on time but requires travel.
  2. A Mailed Check – Doing business through the mail maintains privacy, but timeliness ends up relying on the post office’s reliability.
  3. E-Commerce Websites – This method is quick and private but can be impeded by inconsistent internet connections or outages.

Weigh your situation against these three options, and once you’ve figured out which is best for you, let your lender know and you can proceed. Once you have your funds in hand and your repayment plan set, you’ll be done with the refinance process.

While difficult, refinancing your loan when unemployed is far from impossible, especially with the help of Max Cash. So, what are you waiting for? Join the MaxCash family today and get started with the title loan refinancing process!

DISCLAIMER:
The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

In some circumstances faxing may be required. Use of your cell phone to receive updates is optional. Please review our privacy policy.

Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

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