How To Stop A Title Loan Repossession

Daniel Joelson

Daniel Joelson

Total Posts: 284

Published Date: January 8, 2023

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Stop Title Loan Repossession

If you want to know how to stop a title loan repossession, the first thing to do is not to ignore your finance company, communication is the most important thing.

When you communicate with the company, they will understand that you are trying to make your payments, and you can explain what is going on.

Maybe your title loan company can take partial payments, just to show in good faith that you are not ignoring them, and that you are trying, and the company will work with you.

It is important that you follow through with your payment promise because if you make multiple promises, and break them all, the company will eventually run out of patience.

Ways To Stop Title Loan Repossession

If you are unable to make any payments, the next thing you can do is sell your vehicle, you can get a cash offer, and inform the company that is buying the car, that you have a lien holder, and they will get the payoff and pay the title loan for you, and you will get the balance of the money.

You can always trade your car in and get into a cheaper monthly payment. This way you will close out your title loan contract, you will get a new car to drive, and get lower monthly payments.

Or you can refinance your title loan with another company, TFC Title Loans will help you to find a cheaper title loan for you, with monthly payments that you can afford.

The worst thing to do is to do nothing, if you ignore all of the communication and make no attempt to pay, your vehicle will be repossessed, and you will now owe even more money, for the repossession fees, and the auction fees.

How to stop title loan repossession
Stop car title loan repossession

Title Loan Repossession

Having your car repossessed is the worst thing that can happen with a car title loan. There are many negative things that are portrayed about online car title loans, but having your car repossessed is the numbering thing.

With a lot of negative press talking about car title loans, they claim that they have high interest, in general, title loans do have higher interest than traditional loans, but we are able to get you the lowest interest rate.

They say that car title loans can be a cycle of debt, we will make sure that you will get a car title loan that is amortized so that your principal balance will go down with every payment. We do not offer your title loans that have balloon payments, as they can be difficult to pay off.

In the press they say that car title loans are short-term 30-day loans, this is not true, we will get you the title loan that will have longer terms, and we can get you terms from 24 months to 48 months, which will depend on the lender.

Car title loans are not designed for you to default on the loan, the last thing that the lender wants to do is to repossess the vehicle, but it is important that you find an auto title loan that has monthly payments that you will be able to afford.

Communicate with your title loan company, they will work with you, and if you have to sell or trade your car, that is a good solution.

 

 

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Disclosures

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other 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 and Auto Title Loans are not available in all states and all areas.

*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.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans 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.

*The 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. 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.

*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.

*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.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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