The payments on a Car Title Loan are amortized which means that when a borrower is paying off the title loan they are paying down both the interest and the principle.
If you're looking for a second car title to pay for your existing loan, you might want to consider LoanMart's refinancing options to see how LoanMart can get you a lower monthly
payment on your car title loan1.
Not exact matches
TitleMax ® offers
car title loans up to $ 10,000 *, and we focus
on getting you the most cash possible while keeping your
payments manageable.
The good news is that you still can use the
car's
title even if you still have some
payments left
on it.
Once qualified, a helpful
car title loan representative will chat with you and elaborate
on your
payment schedule, and the process of it all.
When you get a
car title loan with LoanMart and stay
on top of your
payment plan, you might be able to improve your credit report.
Of course, if you neglect your LoanMart
car title loan
payment plan, this may reflect poorly
on your credit report.
Most lenders we work with can incorporate the last couple
payments into a
car title loan but this is only done
on newer
cars.
If you still owed money
on your original auto
title loan, your lender, in this case LoanMart, you will expect you to keep making
payments on the loan even if the
car was totaled.
During your loan period when you stick to your
payment plan, you keep your
car to drive like normal, and your name stays
on your vehicle
title.
FACT: Showing a paid off loan, that you have made
on time
payments AND has been paid off will potentially help your credit file and when you do the same with a new
car title loan from LoanMart, you will have two!
Using your
car to get a
car title loan is a great option where you get the funds you need and you get to keep your
car while making monthly
payments on time.
Keep making your loan
payments on time, and you will never have an issue with driving your
car as you pay off your
title loan.
Your credit score is determined by factors such as your reliability in making financial
payments on time, so making prompt
payments on your LoanMart
car title loan will reflect positively
on your credit score.
An auto
title loan is based
on the equity of your Chrysler 300 and your ability to repay the loan, where LoanMart will take over the
title to the vehicle as the lien holder for the duration of your
payment period; we do this so that you may have free reign of your
car, unlike other lenders that want to impound your
car!
A
car title loan is based
on the equity of your vehicle, where LoanMart takes over as the lien holder for the duration of your
payment period.
Don't worry — a LoanMart
car title loan will keep you behind the wheel as long as you continue to make your
payments on time.
This is how
title loans
on cars work: based around the equity of your vehicle, and secured to your
title, LoanMart becomes the lien holder as a means for you to obtain your loan money and to keep you behind the wheel for the duration of your loan
payment.
Strategies for making
car title loan
payments will differ from person to person, but it is only through a thorough analysis of what opportunities are available to you will allow you to say that the path you decide
on is the best one.
With a
title loan
on a financed
car, you can still get the fast money you need, then begin to make monthly
payments to LoanMart for your
car and your
title loan one place.
Sometimes it's possible for customers to get a
car title loan even if they are still making
car payments on it.
If the amount of money that is paid for your
car in the auction meets or exceeds the amount of money you still owe
on your
car title loan balance, then you no longer have to make
payments on your LoanMart
car title loan.
Although filing for bankruptcy does not remove you from a deed or
car title, stopping
payments on these debts might create financial liability for your ex-spouse
on the property you received as a result of the divorce.