Need Cash Now? Get Approved In Minutes!

How Much Cash Can i Get?

What To Do If Your Car Is Repossessed During A Title Loan?

It is unfortunate but car title loan repossession does happen, but what to do if your car is repossessed during a title loan contract is the question.

The reality is that the title loan company does not want to take the car, it is their very last option. The title loan repo is a major inconvenience for everyone involved.

Title Loan Repo

Here at TFC Title Loans we always try to get you the best title loan that will work within your monthly budget, with our large network of title loan companies that we refer to, we make sure that they are all in compliance with the CFPB.
 The title loan companies that we work with always want you to keep your car, and the monthly payments should fit within your budget, so you will not have to deal with a title loan repo.
But if you are having some problems and you need some help, we are here for you, we can find another way to get you a new title loan, and avoid having your vehicle repossessed.

What Happens If My Car Gets Repoed During My Title Loan Contract?

The truth is, that if you stop making your monthly payments, and stop communicating with your title loan company, your car will get repossessed.

If your car does get repossessed, you will need to call the title loan company to discuss how you can get your car back. It will be important to discuss your financial situation and see how this can be resolved.

Have trouble keeping up with your current cat title loan payments? You can contact us to see if we can refinance your title loan, and get you into a better title loan, with monthly payments that you can afford.

When you refinance your existing title loan, you will be able to get a lower interest rate, with lower monthly payments, sometimes we can even get you more money if you have enough equity in your vehicle,

Also, when you refinance your current auto title loan, you will avoid getting your car repossessed by your current title loan company.

What Can I Do When My Car Is Repossessed?

It is important to call your title loan company, and see how much it will be to get your car back. You may be able to negotiate with your company on how much to pay.

The title loan company does not want to send your car to the auction and sell your car. The best option is always to get the client back into their vehicle.

If your car goes to the auction and it does not cover the balance that you owe, you will be responsible to pay the balance, even though you do not have your car anymore.

Title Loan Companies Try To Avoid Repossessions

The last thing that any title loan company wants to do is to repossess anyone’s car, once that happens, they are no longer making money. They only make money when their clients make the monthly payments.

When you apply with TFC Title Loans we will get you the most convenient terms, and make sure that the title loan that we get for you will work for you financially. The monthly payments are affordable for you and the title loan can range from 24 months to 48 months.

We will make sure that you get the lowest interest rates on your title loan, we will get you the most competitive rates, and all the payments are amortized, so there will be no balloon payments at the end of the term.

Getting you the best title loan is what we do, we want to make sure that you get the best deal, and that title loan repossession will not happen to you.

Avoid Title Loan Repossession

Apply with us today and avoid a title loan repossession, if you currently have a title loan with another company, we can refinance it and get you much better terms.

If you need a title loan, we are here for you, we will get you the auto title loan that will fit into your monthly budget, so your monthly payments will not be a problem for you.

With our large network of partners, if you are looking to find a title loan in my area, we can help you to find it. Where ever you are living, we can help you, as long as your state permits title loans, we can use the equity that you have in your car.

Related Articles:

 

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.

Show more...