Can I get additional money on my title loan? The answer is YES for the most part but we highly suggest letting us get you a better interest rate if you do this.
When someone gets a title loan the first time you are faced with needing that money right away and the interest rate is usually the lenders higher rate. When you want to ADD money to your title loan, the lender does not reward you typically for your prior customer patronage. What you need is one of two options:
- Refinancing your car title loan with the additional need you have
- Asking the lender for just a little extra. Even if you do that, they still need to redo the agreement.
What we do is get your current loan specifics. The MAIN areas of our concern is your monthly payment and your interest rate. The GOAL is to get both lower or at least one or the other. To do this, you need our expertise because you do not know, like we do, all the various lenders and their programs. It could take hours to do it yourself and we can do it for you in minutes…for free.
What we would do if we go to another lender than you have right now is see if the lender will buyout your current loan. This is a MAJOR advantage for you because if they report, you will show a paid off large loan on your credit and that almost all the time helps your FICO score.
We not only do NEW title loan programs for clients but we also manage REFINANCE car title loans.
The good news you you already went through the process once before so you know what is needed but what you do not know is you can do this WITHOUT the title because the current lender already has it. All you need to do is the simply things like texting us a copy of your drivers license and a few more very easy to find things. So will just a little effort you could get more money now, possibly improve your credit rating, pay off your current loan, possibly get a better interest rate AND possibly a lower payment.
Finally one major benefit current title loan customers have is letting us find a buyout. If your payment is too high or you are starting to think you may not be able to handle the loan, it is better for us to see if their is lower payments for you then let the problem continue and possibly lose your car. Simple call empowers you to solve multiple problems. 855-561-5626 text or call.