You are here: Home » Title Loan Questions » How to Pay off a Title Loan Quickly

How Do I Know When the Due Date Will Be for My First Title Loan Payment?

You would know when the due date will be for your first payment by looking at your statement. Check your payment due date by logging in online, using the mobile app. If you need help, feel free to call.  

It’s easy to find the due date for your first loan payment. Here are some of the ways that you can find out when the due date is and stay on top of the first payment:

  1. Mobile App: This method makes things easy for people who do not like to physically go to the bank. The app can help with mobile banking and to find out your due date. There are also other functions of these mobile apps that make bill payment easy. It notifies you about the time that you are supposed to be paying your loan too.
  2. Personnel: This is one of the easiest ways that you can find out about your payment due date. Our personnel is available by phone or text. You can also inquire through email or on our online message form.
  3. Loan statements: The fastest way to check your due date is to look at your statement. Inside your loan statement there are a variety of options. Loan statements help you get all the necessary payment details as fast as possible.

Don’t want to worry about due dates? No Problem. Here are some ways to keep up with payments:

Call Our Team

Take the first step and call our toll-free hotline to speak with a specialist.

  • Schedule automatic payments: You can set up payments that come directly out of your bank account each month. This makes it simple and efficient to stay on top of your loan without having to login. Don’t have a bank account? No problem! You can still make payments easily online.
  • Website Account Management: Our easy to use and convenient website is the best solution for your account management needs. You don’t even have to download the app. Just login through your web browser and find all the latest information about your loan.

If you are trying to find your due date, look no further than your account statement. We make things easy as soon as you get your loan so that all paperwork is understandable and can be managed easily. The best part is that our team of experts is standing by, and if you have any questions you can always reach out. It doesn’t have to be hard to manage your loan. With our simple and effective tools, you can stay on top of your payment due dates with ease.

How to Pay Your Monthly Title Loan Payment

With all our methods to pay back your loan, you can choose any one of these ways.

Once you’ve submitted your loan information and you’ve been approved, we work with you to create a payment plan that fits with your lifestyle and budget. We do our best to ensure that everyone involved gets a good deal!

To pay back the loan, we offer many payment options:

  • Mail payment
  • Pay by phone with a credit or debit card
  • Set up automatic payments from your checking account
  • Pay online with the My Account tab
  • Pay on your phone using the app

How to Pay Off a Title Loan Quickly

When financial problems arise, many of us either panic or are quick to our feet with a solution. One solution that benefits both parties is an auto title loan. Auto title loans are based on a vehicle’s equity and offer a customer flexible pay periods.

While the range of monthly repayment may seem scary, there are zero penalties. So, if you’re the type of customer that might adhere to the entire length of their loan but want to speed up the process a tad, here are a handful of ways that will steer you in the right direction of how to pay off a title loan quickly.

Plan Payments Ahead

Planning ahead to see what you need to do so that you could possibly begin to pay your title loans back might be the smartest first step in the whole process. Start by formulating the payment schedule that best fits you is a necessity from the get-go with your title loan. Your lender will help in giving you a repayment schedule that best suits you, but it doesn’t necessarily mean that you have to follow it to the letter, if you are up to the task of recalculating it to have a shorter payment period.

If you find that the monthly payment is very easy to follow or have a little more funds coming in than what you previously anticipated, why not recalculate it to come up with the maximum monthly payment that you are confident that you will be able to meet? Even just an extra 25$-100$ per month (the latter figure being a little steep, I know) will go a long way in the long run!

Rounding up your monthly payments could also be beneficial. There is a big chance that your minimum monthly payments will be very exact up to the last cent. What you can do with this amount is round it up to the nearest dollar, and then add a few extra dollars or ten—it’s your call. The additional benefit of doing this is that you get to save money on the interest rates that go with your loan. As previously mentioned, it may seem like a bothersome burden, but it is in your best interest to make sure that you’re paying back money that wasn’t yours in the first place swiftly and efficiently.

Making Financial and Social Sacrifices

Asking for financial help is already a hard step in the loan process, but knowing that you have to begin to limit what you do in your everyday life is even more shell-shocking and may seem like an addictive habit that you can’t kick at first, but rest assured, you can; every person has the ability to cut reckless and needless spending from their lives and, if they demonstrate enough self-control, the results could be beneficial long after your title loan has been paid off.

Saving money by making sacrifices wherever and whenever you can is imperative. After securing a car title loan, you probably already have an idea that there will be some cutting back to do while you pay off the amount you loaned. When saving money and cutting-back on wants, it is easy to get lost on what is a need and a want; it is easy to talk yourself into getting something after a long day at work, or an exhausting day at school because you’ve deserved it. While you indeed may deserve it, always remember the bigger picture and why you asked for financial help in the first place: you were in a bad place fiscally or needed a little bit of extra help in an emergency.

Believe it or not, cutting out the smaller purchases is the hardest thing for folks that are trying to save their money and pay their loan back quicker; Lunch at your favorite burrito place; buying new music, movies, or games; a trendy outfit.  For some people, it may mean cancelling monthly subscriptions, treatments, or appointments, including the salon/barber, Netflix or Spotify, and deciding to work out at home instead of having your gym membership for the time being (another form of patience and resilience that will be mentally tough). Many people think that eating two of their three meals a day at home while enabling their daily cappuccino habit will save money. This is a start, but will continue to cut into your savings. You can do better.

Here are a few other potential suggestions to help you to start putting away money:

  • Burritos and sandwiches at places like Chipotle or Subway may taste a little bit better than what you can make at home, but a trip to the grocery at the beginning of the week to purchase the same ingredients could save you money on food, as well as money on the gasoline is consumed to get there.
  • We all love to hang out and meet our friends out for drinks or dinner, but perhaps suggest a few nights at the house for games and movies, while making your own food and drink.
  • American society is based around what’s trending, for better or worse. While we all want to have the best and newest, but with the impending loan payment to be made looming around the corner, less retail therapy and more time getting creative with your personal items is where you need to have your mind sprawling out. Remember: retro clothes and retro tech can and will always be cool under the right circumstances.
  • The bottom line is, see where you can cut costs especially if it is deemed a non-essential and doesn’t threaten your life.

Extra Work Means Extra Income

A good portion of your regular monthly income should be distributed straight to your title loan payment, and while it may seem both mentally and physically exhausting, a second or even third means of income may be beneficial for those looking to pay off their title loan quicker than the average customer. Here are some other ideas to help you out:

  •  Restaurant jobs are arguably the easiest jobs to obtain in a pinch and one of the most efficient jobs to have, in terms of income per hour.
  •  While your vehicle might be your most important asset, there is money to be had with taxi service alternatives like Uber or Lyft—just be careful.
  •  If you have the space available, try to rent out one of the rooms in your home or apartment. Airbnb might be a good solution. A couple nights of a paying guest couple actually end up being your loan payment.
  •  Getting rid of older items that you don’t have use for via garage sale or craigslist could warrant a little bit of cash your way.

Create a Monthly Budget Plan

Gather all your bills together and create a spreadsheet of all the expenses you have to pay for. Include constant bills like rent, auto insurance, health insurance, phone bills, other vehicle payments, utility bills, or memberships.

If you want to really plan your budget, keep track of your spending to add as part of your spreadsheet. Include a miscellaneous portion for frivolous spending, try and calculate your monthly gas or toll expenses, and include your groceries for the month. This will be able to break down where you might need to cut some spending.

Take Advantage of Savings

Another way to help your budgeting is to try and save your money by using coupons or deals going on. Couponing can really save you money when it comes to shopping for food, clothes, and even gifts for friends. Keep a lookout for sales at stores when it’s time to get new clothes for an event, or even to update your wardrobe.

Pay Early

Won’t penalize customers for trying to pay off their loan early. If you ever run into extra money and want to pay more than the required monthly amount, we actually encourage our customers to do so. That way, you don’t have to have the title loan for the entirety of its term.

Trouble with Your Payment Plan

We want you to communicate with us because the last ting we want to happen is for you to start falling behind on payments. We can get your problems sorted out and have you leave a happy and less stressed individual.

Refinancing for a Better Payment Plan

Do you have another auto title loan with a different company, but you think your payment plan is not suited for you? Lower your monthly payment by refinancing your auto title loan with us1.

All you have to do is apply for title loans, like you would a new one. Then, when your representative contacts you to continue your quote, you just need to let them know you have an existing loan you are trying to refinance.

What Will Happen If I Don’t Make My Title Loan Payments On Time?

The whole point of getting car title loans is to get ahead. If you find yourself falling behind and don’t make payments on time, contact us right away. You can do this by:

  • Giving us a call at 1-855-422-7412
  • Send an inquiry through our message form

We don’t want to add to your misery but rather, help alleviate it. That is why we work with you to customize payments to fit your budget and extenuating life circumstances. We ensure that the loan is completed in a stress-free manner.  Our representatives are standing by to give you the help you need.

What Happens if I Don’t Make Payments On Time for a Long Time?

A default occurs when agreed terms are not followed. Not paying on time over an extended period could lead to a default. We work with you to find a mutually agreeable solution that considers the extenuating circumstances that you may be experiencing in the repayment period.

What Are Title Loan Balloon Payments?

Balloon loans or payments are loans that only require borrowers to pay interest for the first couple months or years of payments. You pay the interest that’s accruing as you have the loan, which overall creates a smaller loan payment.

The problem with balloon payments is that lenders will want you to pay off the principal amount eventually. This could take effect a couple months or years after taking the loan out, and many lenders require you to pay off the loan all in one sitting. That payment could be thousands of dollars all at once, which is hard to accomplish in one sitting. Balloon payments are generally riskier than traditional title loan payments.

Lenders will typically promote title loan balloon payments by saying you can just refinance your loan before the one-time payment is due. But, what if you can’t manage that? After spending months to years paying interest for the loan, you’ll have to refinance and potentially pay a higher payment to include interest and the principal amount for another couple of months or years. Then, you’re stuck with the loan for longer than you should be.

Benefits of Title Loans

  • Your credit score and credit report don’t determine your ability to qualify for the title loan. Approval of the loan is based upon the equity of the vehicle and ability to repay.
  • You can continue to use your vehicle without any restrictions.
  • The process of determining the value of your vehicle takes only a few minutes.
  • You can continue to use your vehicle without any restrictions.
  • The process of determining the value of your vehicle takes only a few minutes.

How to Apply

Are you ready to apply for a new loan or refinance your existing? All you have to do is apply online and you could have your problems solved in the same day as your application. In three easy steps, you can have your money in no time.

1. Apply online with your phone, tablet, or computer, call online to apply.

2. Submit all your required documentation to your representative.

You will only be asked to provide a few documents. These documents include;

  • A title for your vehicle
  • Proof of residence
  • Proof of the ability to cover payments’
  • Valid driver’s license or state-issued photo ID

3. Collect your funds and use your money!