Refinance Your Title Loan With GoTitleLend!

We know that most people take out a title loan because they're in a difficult financial situation and they need fast cash. But what happens a few months later when they're making monthly payments and not seeing much movement on the total amount owed? That's where refinancing a title loan can help by potentially getting you a new start with loan terms that reflect a reduced interest rate and payoff amounts that get you out of debt quicker.

However, several important factors must be considered before you can refinance a title loan with GoTitleLend. Lenders look at your credit score and will use this to indicate what interest rate you qualify for on the refinanced title loan. If you fall behind on your title loan payments or if it has been paid off in full, you may have trouble refinancing your auto title loan.

Lenders will also consider the value of your car and its current condition when refinancing a title loan. If you have made any major repairs or if your car has been damaged somehow, this could be an issue. So be sure your vehicle is in good working order and meets the same standards and requirements as the original lender certified.

How To Get A Car Title Loan Refinance - What's Required

Refinancing an existing title loan can be easy if you know what the lender wants. To refinance title loans, you will need:

- Vehicle title with current registration

- Copy of the vehicle's insurance policy

- Proof of income (pay stubs) and bank statements showing enough funds to make timely payments.

All of these items must be up to date and in good standing, with no issues regarding new liens or other loans added to the existing title. We may also require a brief vehicle inspection for title loan refinances of $2,000 or more. During the inspection, we'll ensure the vehicle's value matches the current collateral amount and confirm the VIN and mileage.

How Quick Can I Pay Off A Title Loan By Refinancing?

The title loan refinance rate is good for a set number of days, and it will likely be lower than what you currently have with your current finance company. If the title loan goes past that date, you can roll over into another title refinance with a new term if your lender allows it. Some lenders will not allow this option, so be sure to ask before you sign any paperwork and run the numbers through our online title loan calculator to see the monthly interest calculations.

If your title loan refinancing rate is higher than what your current finance company charges, it may be best to wait for that date and see if they can negotiate a lower price with the title lender. The worst-case scenario would be rolling over into another title refinance option at an increase in monthly costs. This could leave you paying more and is not something you would ever want to consider.

Find The Best Title Loan Refinance Company

Finding the best title loan refinance for your situation shouldn't be difficult. You first want to ensure your state will even allow you to refinance an existing secured loan. Some states and jurisdictions may allow you to refinance an existing loan, but the requirements may change if you were initially approved for a title loan with no income verification. Once you have confirmed with your state government this type of refinancing is possible, contact a title lender to see if they can help you get the best price for your vehicle's value compared to what your car may be worth.

After contacting two or three online title loan lenders and comparing rates, it should be apparent who the best choice is, and at that point, you can pick and choose based on the financing terms. Go with the company you feel most comfortable with, and select the loan terms that best fit your budget.

Apply For A Title Loan Refinance With GoTitleLend

There's no reason why you can't be approved for a title loan refinance entirely online. The original lender already has your original pink slip. They can most likely run the title loan refinance application through their computer system without you having to step into a local office. Some companies may require a certified copy of the car title that has to come straight from the DMV and that can complicate the process. It's best to contact customer service to see if there are any specific requirements in your state regarding the actual title.

You may be able to fax and sign your documents, but they will still need your pink slip for it all to go smoothly online or over the phone. Once you sign over the existing car title loan to the lender, you can be approved for a title loan refinance.

Apply online with GoTitleLend or call 380-888-5035 to refinance your interest rates and get a more effective payoff term!