How to Refinance a Title Loan

Table of Contents

• Steps To Refinance A Title Loan
• Reasons To Refinance With TNL Car Title Loans
• Frequently Asked Questions
• Refinancing A Title Loans With TNL Car Title Loans

If you have an existing car title loan and want to refinance your car title loan this article will walk you through on the steps you need to take.  First and foremost, you must know that the laws regarding car title loans vary by state.  Once you know the laws then you can proceed to refinance a title loan.  So, with that in mind here are the steps you are going to have to take.

How To Refinance A Title Loan:

 
First, you must have a car that can qualify to become re-financed.  If you have already have a title loan then you probably had no lien on your car to begin with and it was paid off.  So, to refinance your existing car title loan you will likely need the following information for a lender to work with you:

• ID, driver’s license, or another form of identification
• Proof of income of at least $1,500 a month
• The car title or pink slip, which must be under the borrower’s name
• Up-to-date registration and insurance on the vehicle

Once you find out if you qualify for a title loan, you can send the documents to us through fax. Everything can be taken care of online and over the phone. So simple and easy, you won’t need to worry about anything. Best yet, we want to give the best customer service to you by making sure your loan gets approved in just 15 minutes!

To get started, apply online with our quick 5 minute form, or give us a call at 888-663-7074. A loan officer will be in contact with you and can let you know right away if you qualify for a car title loan. You’ll also find out how much you can get for your loan.

At TNL Car Title Loans we can help you refinance your current auto title loan.  You can find out in as little as 10 minutes what your vehicle may qualify for and once qualified, you can get fast cash as quick as the next business day.

Reasons To Refinance With TNL Car Title Loans

Better Interest Rates.  It may have been awhile since you took out your first car title loan, and since then, the interest rates have become too much. Instead of losing more money over pay off the interest on your loan, refinance with TNL Car Title Loans to get better interest rates.

You want to build your credit. Getting a personal loan can be tough if you have bad credit. Banks are more likely to reject you and turn you down because of your credit score. However, it is still possible to get a loan since car title loans are not based on your credit score. If you want to get on the path to good financial habits, building up your credit score is essential. You may not know that car title loans can help you build credit. One reason to refinance your loan with TNL Car Title Loans is that you can build up your credit by making your payments on time and in the right amount. TNL Car Title Loans reports to the three large credit bureaus: Experian, Equifax, and Transunion, so when you complete your payments you can see your credit score improve.

You need more cash. Maybe you need another loan and need more time to pay it off. Instead of trying to pay off your first loan along with the addition of the interest rate, you can refinance your title loan with TNL Car Title Loans. You can possibly get more cash when you refinance, and you’ll get better interest rates.

Frequently Asked Questions

How Long Is the Loan Period?

Do I Need to Have Any Additional Collateral?

Refinancing A Title Loan With TNL Car Title Loans

If you have any other questions about refinancing your title loan, feel free to call TNL Car Title loans today or fill out the application form on the website.