Can You Get More Money on an Existing Title Loan?

Daniel Joelson

Daniel Joelson

Total Posts: 344

Published Date: April 26, 2024

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.

Title loans let you use your car as collateral to borrow money. But what if you need more cash than your current loan offers? Let us find out how you can get more money on your existing title loan.

Understanding Title Loans:

Before we go into getting extra cash, let us understand how title loans work. A title loan is when you borrow money using your vehicle’s title as security. Once approved, you get the cash, but you must repay it within a set time. If you can not pay, the lender can take your car.

more money on Title loans
Getting more money on title loans

Can You Get More Money on an Existing Title Loan?

Yes, you can! Here are some ways:

  1. Refinance Your Title Loan: Refinancing means replacing your current title loan with a new one, usually with better terms. This can give you more money and lower monthly payments.
  2. Get a Second Title Loan: You can take out another title loan while still having one. But be careful! Having two loans means double the risk of losing your car if you can’t pay.
  3. Talk to Your Lender: Your lender might increase your loan if you have been making payments on time and have a good record.

Having More Than One Title Loan:

Yes, you can have more than one online title loan, but it is risky. If you can not pay, you could lose your car. Some states limit how much you can borrow with title loans, so keep that in mind.

Consider Other Options:

Before taking out another loan, think about other choices like personal loans, credit cards, or borrowing from family. These options might have lower fees and interest rates.

You can get more money on an existing title loan by refinancing, getting a second loan, or talking to your lender. But be careful! It’s essential to think about the risks and consider other options before taking out another loan.

TFC Title Loans, we will be your broker, helping you the get the right loan for you, and help you to get the most money.

Need Cash Now? Get Approved In Minutes!

How Much Cash Can i Get?
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.

Skip to content