Learn More About Refinancing Your Title Loan

Daniel Joelson

Daniel Joelson

Total Posts: 579

Published Date: February 11, 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.

Everything About Refinancing Title Loans

During your financial emergency, you may have obtained a loan without pondering it. And finally, you have realized that the title loan you possessed is not going to work with your budget or that conditions are inappropriate, or unreasonable, learn about title loan refinancing. 

Don’t worry, you don’t need to hold a bad loan any longer! Refinancing is the process of replacing a current title loan debt with another to adapt to new terms. Here you may have two options either you can refinance with an existing title loan lender or find a new lender for better terms.

How To Refinance Your Title Loan

It takes a few steps for a Title Loan Refinance.

  • Ask for a refinanced title loan
  • Continue with paperwork
  • Sign a new title loan agreement with new terms.

Some portion of the money shall be included in your approval will help take care of the remaining balance of the current title loan. After these details are covered and the refinancing process is finished. You can begin by repaying the title loan with newly added terms.

Lear about title loan refinancing
Lear about car title loan refinancing

Must-have Documents For Refinancing Your  Title  loan

Once you are prepared to refinance a title loan, you need to obtain the Mandatory Documents for hassle-free funding. However, the documents which were been asked for earlier for the previous loan and the documents for refinancing your car title loan are the same. They are:

Title loan agreement. Here you will be requiring an original agreement with details included such as the amount borrowed and its rate of interest.

Valid Photo ID. For a valid photo ID, you can use any government-issued photo ID such as a driving license, state ID or passport, etc.

Residence proof. For showing proof of your residence generally, you can show a credit card agreement, phone bills, lease agreement, etc.

Proof showing your ability to repay. To obtain a new car title loan, you will have to show that you can make payments every month. For such proof, you can provide some bank statements, tax returns, etc.

Lien-free- Car Title. As the car title is used as Collateral for the title loan, it should be in your name.

With these documents, you shall have to satisfy the vehicle inspection during the refinance process.  However, the convenience of online title loans is that every point of the process can be done right from your home with TFC Title Loans! Instead of taking your car to the location, you can directly send some pictures to the loan company.

Don’t compromise with a bad loan!

Refinancing helps you pay your current loan for an extended period. In unexpected circumstances, it is difficult to understand the terms and conditions of a title loan. But when you recognize that it is costing your pocket you think over to get better terms or rates.

Whatever your emergency was, TFC Title Loans give you the chance to switch over to better interest rates without leaving you full of debts for a lifetime. 

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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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