How Does Title Loan Refinance Work?

August 8, 2019

If you’re in a financial pickle and you’re looking for answers on how to refinance your title loan, you may have already discovered that there’s a ton of confusing and misleading information out there.

Refinancing may be the best option when there’s concern about losing your vehicle, or it’s becoming hard to handle the current payment plan. The easiest and most straightforward approach is to simply pay off your title loan, but that can be easier said than done.

Individuals choose to refinance because of many reasons, including high interest rates, burdensome monthly payments, and subpar customer service.

What Does It Mean to Refinance My Title Loan?

Before thinking of refinancing a title loan, consider reselling your car to generate some cash. Selling your car can prove to be pretty difficult when there is not a clean title, but it is possible to do. It might be better to downgrade to a smaller vehicle while you’re in a tough financial situation.

You can do this firstly through a different loan, such as:

  • A Fixed Rate Loan
  • A Credit Union
  • An Online Lender

Getting an alternative loan can help you pay off the title loan and keep your finances from spinning out of control. This can help your credit from taking a hit as well, which will affect your ability to borrow money for future needs. Paying off your title loan will also mean getting your car title back and can mean you would be able to sell your car and find a cheaper vehicle while you get your cash situation fixed. For more information on how to get a fixed rate loan and other personal loans, check out the Max Cash blog!

If you’re not able to sell or obtain a secondary loan, refinancing is the better option.  Another available option is to contact your title lender directly. Most lenders do not want to repossess your vehicle, as it can be costly and they would rather see you pay your loan back.

What your lender or a new lender can do is refinance the loan to find a lower payment, or find a better financial option for you. This would mean going through your bank statements, financial records, and other forms of financial documents to see what you can afford to pay during your financial crisis. This can be the biggest piece to the puzzle when figuring out how to solve your financial issues.

Benefits of Choosing Max Cash

If you’re looking to refinance your title loan, look no further than Max Cash. Max Cash has the knowledge and expertise to refinance your loan with a plan that works for you in your financial situation. As a result of us being partnered with a ton of lending companies, we can offer you help for free.

If you’re feeling strapped for cash, know that you could receive the help you need right now! Let us match you with the right lender that can help refinance your title loan and offer flexibility with your financial needs.

Getting out of debt is hard. Let us help you find the right lender for your needs!

If you’re in need of finding the best lender for your financial situation, then please give us a call today at (833) 207-9052 or send an email to

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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