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Tips for Refinancing Title Loan?

February 16, 2019

If you took out a loan while you were in a tight financial situation, you may have chosen to get a title loan. As good of a decision as this could have been for you, you might not have gotten the best deal possible for you.

When monthly payments are too much or the interest rate is sky-high, refinancing may be a good idea. However, it is a good idea to know more about the refinancing process in advance. MaxCash is here to provide you with some tips for refinancing your title loan!

Make Sure That Your Account with Your Old Lender is Closed

This is something that is not always given as much thought as it should be and often slips people’s minds. Just because your loan with your old lender has been fully paid off, that does not mean that your account with them has been entirely closed off.

If you do not remember to close your old account, your old lender could still have a lien on your vehicle’s title, among other things. You definitely do not want that.

Even if your refinancing title loan lender is taking care of paying off your old loan for you, it is still good to make sure that all of the loose ends are tied up in case anything was forgotten or left undone.

Find Out About Any Fees Involved Ahead of Time

Though it depends on what lender you are doing your title loan refinance with, some lenders may charge you various fees for helping you close out your old loan and then setting up a brand new one.

Before you decide to go ahead with refinancing your title loan, it is important to make sure that you have a solid idea of what kinds of fees your new lender may want to charge you. Knowing what fees a new refinanced loan will have may help you determine if it is a good deal or not.

Only Refinance a Title Loan if You Can Actually Get a Good Deal

When you want to refinance your title loan, make sure that the deal that a new lender is willing to provide you with is actually worth it enough to go through all of the trouble of doing so. If the difference between your old title loan and a potential new one is only marginal, then it might not be worth the effort and time it would require.

If your new lender is not willing to give you a good enough deal, you may need to go and find a different lender. You may also need to work on improving your credit score, so that way you can qualify for a better interest payment as well as other benefits that typically come with refinancing a loan.

Make Sure Your Payments Post-Refinance Go to the Right Place

After you have fully gone through the process of refinancing your title loan, you will need to make sure that your payments are going to the right place. Make sure that you are sending your money to your new lender and not the old one by accident. This may seem obvious, but accidents do happen from time to time. Double check your payments as you do not want to send your hard-earned money where you do not need to, after all.

Refinance Your Title Loan Through MaxCash!

The best tip that we can offer you for refinancing your loan, however, is refinancing your title loan through MaxCash! We facilitate countless types of loans, and we help people all across the nation refinance loans!

Instead of having to wade around through an endless list of options on your own, we can help you find the best possible deal almost right away! You may be able to have a sweet new refinanced title loan deal in as little as a single business day!

We have made it super quick and easy for you to be able to get in touch with us. To get started toward a refinanced title loan and a well-deserved sigh of relief, you can talk to us by:

Calling us on our toll-free number at (833) 207-9052.
Emailing us at info@maxcash.com.

Coming down to our physical office at 1270 E. Broadway Rd., Suite 208, Tempe, AZ 85282.

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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.