Tips To Pay Off A Title Loan Quickly

Daniel Joelson

Daniel Joelson

Total Posts: 583

Published Date: February 7, 2022

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.

Ideas To Help You To Pay Off Your Title Loan

If you have a title loan, then the next best thing to do after you get it is to pay it off as fast as possible! You need to know how to pay off a title loan quickly.

Here at TFC Title Loans, we are going to give you a few tips on how you can pay off your title loan as fast as possible. As we all know title loans are more expensive than regular loans, but they are a great way to get the emergency cash that you need.

Pay Off Title Loans Quickly

It is very important to know when your first title loan payment is, and what is the due date. The first thing you should do is to check your statement. You can either look up your account online or call the customer service reps.

If there is a mobile app, then you should have it, it will make it easy for you, you will be able to pay for your payment directly from the app.

Your loan statement will have all of the information that you will need to make the payment, it will let you know when it is due, how much you need to pay, and where you should send it.

You can also call or even text to find out when your payments are due. Or you can even email the request.

Keep Up With Monthly Payments

The most convenient way not to forget your payment due dates is to set up automatic payments. These payments can come directly from your bank account each month.

This is the easiest and most simple way to stay on top of your title loan payments. This makes it easy and convenient, without having to log in to your account.

Or you can make your monthly payments from the website, so you will have access to your account whenever you want to log in.

To pay back the loan, we offer many payment options:

  • Mail payments
  • Pay by phone with a credit or debit card option
  • Set up automatic payments from your bank account
  • Pay online with the My Account tab
  • Pay on your phone using the app

How to Pay Off a Title Loan Tips

As soon as you have signed your title loan, you need to have a plan to pay it off immediately, plan your exit strategy, is a smart move.

See if you can set up an extra payment plan that will fit into your budget, or split your payments in half, and pay them ahead of your due date. Half on the first and half on the 15th.

This way it will help you to pay less interest and at the end of the year, you will have actually pin one extra payment, cutting down on the interest that you will be paying.

You can also add extra money to each payment, an extra $20 to $100 per month, which can really help to lower your principal balance and help you to pay off sooner.

You can also round up your monthly payments, it could be tp the closet dollar, or round up the payments to make them even, it does not really matter, but the more you add to your monthly payments, the faster you will be able to pay it off.

Doing the above ideas will help you to pay off the title loan early, but it will also help you to reduce the amount of interest that you will be paying.

When you make your monthly payments using the ideas above, you will be paying less interest, so more of your monthly payments will be going to pay down the principal balance, saving you money in the long run.

Make Early Title Loan Payments

You will never be penalized for paying early, and not on the due date, when you pay your monthly payment early, more money will go towards the principal balance, and less to the interest.

When you pay more money to your principal, you will save money on your interest payments.

Have Trouble with Your Payments?

If you are having trouble with your monthly title loan payments, the best thing to do is to communicate, it is important that we know what is going on, and how we can help you.

We will be able to refinance your title loan into a better title loan, so it does now matter what company that you are with, as long as there is enough equity in your car, we will be able to help you, get into a better payment plan.

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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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