Refinance Your Title Loan

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Refinancing a payday loan might be difficult if you are not working with the right lender. If you are looking for a convenient way to refinance your payday loan, you might want to think about working with one of the top lenders in the industry!

Do you have a payday loan that is getting a bit out of hand? Normally, when any borrower is approved for a payday loan, they are also stuck with inconvenient terms and unmanageable rates. This is because payday loans are meant to be extremely short-term loans, so the payday lender usually expects the borrower to pay back the loan in about one week.

Furthermore, if the borrower cannot cover the entire balance of the payday loan within the short amount of time given to them by the payday loan lender, there are usually very high interest rates that start kicking in.

Certain traditional lenders might deny a borrower for a loan because:

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  • Their credit score isn’t high enough
  • Having an existing payday loan out in their name makes the borrower too much of a risk
  • There are late/unpaid payments on a payday loan or any other financial obligation
  • They have a history of bankruptcy in their past

Who has time for hassles like that? When you need financial assistance, you should get the help you need from a convenient lender, not one who is going to make your finances even more stressful for you. But if you already have a payday loan out in your name, it can be difficult to find a lender who is willing to approve funding.

However, there is still a way you may refinance your loan: title loans!

Who Qualifies to Refinance a Payday Loan with High Mileage?

The value of your car and your income both play a large role in the qualification process. To qualify for refinancing, the car must have significant value and you must be able to repay the refinanced loan.

During the title loan process, the car is used as collateral to secure the loan. If a borrower is unable to repay the remainder of the loan, the car may be repossessed and sold at auction. For this reason, the car must have enough equity to qualify for funding.

Cars with high mileage may be just as valuable as a car with lower mileage. The value of a car is determined by a lot of factors, such as the make, model, style, year, current condition, and more. A 1966 Ford Mustang may be worth thousands more than a 2020 model simply because it is a classic car and therefore more valuable.

What Documents Do I Need to Refinance a Payday Loan?

Once you decide to refinance your title loan, you will need to gather your documents in order to get started on the process. Luckily, you will typically be asked to provide the same documents you used to inquire for your current title loan.

  • Title Loan Agreement: In order to start the refinance process for a title loan, you must provide the original agreement. This paperwork will include all of the necessary details such as how much was originally borrowed and at what rate.
  • Photo Identification:To get any form of loan, you have to have a valid government-issued photo ID. To refinance a title loan, you can show a driver’s license, state ID, military ID, passport, etc.
  • Proof of Residence:To demonstrate you reside in your current state, you can generally choose to show a title loan agent a credit card statement, lease agreement, phone bill, utility bill, etc.
  • Proof of Your Ability to Repay:To obtain a new title loan, you must show that you have enough money to make payments on time each month. For proof of your ability to repay, you can provide pay stubs, bank statements, invoices, tax returns, etc.
  • Car Title:The car title is used as collateral for the title loan, so it must be in your name.

In addition to providing the documents listed above, you will also need to go through a vehicle inspection during the refinance process for a car with high mileage. However, the convenience of online loans is that every step of the process can be done right from your home! Instead of driving your car to a store location, you can simply take pictures of your car and send them to a loan agent.

What Benefits Can I Get when I Refinance a Payday Loan?

When you refinance a title loan, you could not only get new terms, but advantageous perks as well. Refinancing could offer qualified borrowers plenty of desirable benefits, such as:

Long Repayment Terms

When you refinance a title loan, you could get more time to pay back the title loan. With longer repayment terms, you can stress less and save more money each month.

Competitive Rates

Refinancing a title loan is a great choice if your current interest rate is insanely high. When you refinance a title loan, you could get competitive interest rates!

Low Monthly Payments
Title loans can be very overwhelming if the monthly payments are high. If you want low monthly payments, you could refinance the title loan to receive affordable payments!

No Hidden Fees

Hidden fees can quickly rack up and leave the borrower overwhelmed with high bills. But when you refinance a title loan you could get a new contract with no hidden fees.

No Prepayment Penalties

Paying off the title loan early could save you money on interest however some title loans come with prepayment penalties. Refinancing could allow you to pay back the title loan on your own time and save money on penalty fees.

How Can I get Emergency Cash to Refinance a Payday Loan?

If you are struggling to repay your current car loan or you simply want better terms that work with your finances, consider going through the refinance process. But who refinances cars with high mileage?

Title loans usually offer flexible qualification requirements, so you could still qualify to refinance a car with high mileage!If eligible, you could potentially look forward to competitive rates, affordable monthly payments, long repayment terms, and much more.

The title loan process only takes a few hassle-free steps, and could be completed the same day!1,3 You can start by one of three methods:


The first step is to send us your information. You can start by one of three methods:

  1. Send an email to
  2. Call a loan agent over the phone at (855) 277-4847
  3. Use the title loan questionnaire form online

You will be asked to provide your car specifications, such as the make, year, model, style, and current mileage. This information is used to estimate the current value of your car and your eligibility for a refinanced title loan.

If your car is worth enough money and has a sufficient amount of equity, your vehicle could be preapproved for a refinanced title loan.1

Send in your documents

After you have completed the information form, you will know almost instantly if you are approved. You will be asked by a title loan agent to submit your documents for verification and once your information is verified, you could be fully approved for a refinanced title loan!

Receive your money1

After you have sent in your information and documents, it is time to sign your car title loan contract. Not only will you have access to multiple methods of payments, but your billing statements will help break down the payments every month.

Start your inquiry process today and you could be spending your money tomorrow3!

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