The entire loan process take less than 30 minutes.

How Much Money Can I Borrow?

All loans start at $2,500 and up. The maximum amount you can borrow is based on the value of your vehicle.

Can I apply for a title loan with bad credit?

Yes. We don’t check your credit. The qualification is based on your car.

Does my car need to be paid off?

NO. In some cases, we can pay off the existing balance on your car.

Can I pay off my loan early without a penalty?

Yes, we do not charge prepayment fees. We encourage you to pay back as early as you want.

How long do I have to repay the loan?

Most loans are between 12 and 36 months.

Do you keep my car during the auto title loan?

NO. We are just added to the title as a Lien Holder.

Can I get a car title loan if I cannot find the title to my car?

Can I get a car title loan if someone else’s name is on the title with mine?

What if I don’t have an insurance?

We can help you with finding the best possible insurance.

How do I get my title back?

Quick Title Loan will return your title immediately after you pay back the full amount due on your loan.

What documentation do I need to provide for a car title loan?

Original Title (Lien Release acceptable), Registration, Proof of Insurance – Full coverage, ID (Matricular card OK), Proof of Residence (Current utility bill), 4 References (Family and friends)

Will you inspect my car?

Yes, your vehicle will be inspected when qualifying for a loan.

If I do not pay, will my car be repossessed?

Title loans use a vehicle as collateral. Quick Title Loans believes in working with customers who fall behind on payments. Repossessions this is a final measure and is a not a desirable outcome for either party.

Paying Off a Title Loan Early: What You Should Know

Are you considering paying off your title loan early? While it might seem like the best way to save on interest, there are important factors to consider before making your decision. Paying off a title loan early can have both benefits and potential penalties. In this article, we’ll break down everything you need to know about early repayment, from the advantages to possible fees, and offer strategies to help you pay off your loan faster. Quick Title Loans is here to guide you through the process and help you make the right decision for your financial situation.

Benefits of Paying Off a Title Loan Early

One of the major advantages of paying off a title loan early is the potential savings on interest. Since title loans often come with high interest rates, settling your loan ahead of schedule can help you avoid hefty interest costs. Here are a few key benefits to consider:

Save on Interest: The sooner you pay off your loan, the less interest you’ll accrue, potentially saving you hundreds or even thousands of dollars.
Improve Your Credit Score: Early repayment shows financial responsibility and can positively impact your credit score, making it easier to secure loans in the future.
Reduce Stress: Eliminating debt sooner rather than later brings peace of mind and financial freedom, allowing you to focus on other financial goals.

At Quick Title Loans, we encourage borrowers to explore the benefits of early repayment but also to consider any possible downsides.

Potential Penalties for Early Repayment

While the benefits of paying off a title loan early are clear, some lenders may charge penalties or fees for early repayment. Here’s what you should watch out for:

Prepayment Penalties: Some lenders include clauses in their contracts that penalize borrowers for paying off their loan early. This is often done to recoup the interest the lender would have earned over the full loan term.
Hidden Fees: In addition to prepayment penalties, some contracts may have hidden fees associated with early repayment, so it’s essential to review the terms of your loan agreement closely.

To avoid these penalties, we recommend contacting your lender directly and asking about any fees associated with early repayment. We aim to be transparent with our borrowers and provide flexible repayment options that meet your needs.

Strategies for Paying Off a Title Loan Early

If you’re determined to pay off your title loan early, there are several strategies you can use to make the process smoother and more affordable. Here are some tips to consider:

Create a Budget: Start by assessing your income and expenses to determine how much you can realistically pay each month toward your loan.
Make Extra Payments: If your lender allows it, make additional payments toward the principal amount. This will reduce the total balance faster and save you on interest.
Refinance Your Loan: If you’re struggling with high interest rates, refinancing your title loan with another lender may help you secure a lower rate and pay off the loan faster.
Use Windfalls: Use any unexpected income, such as bonuses or tax refunds, to make a lump sum payment toward your loan balance.

By implementing these strategies, you can take control of your loan and reduce the overall cost. At Quick Title Loans, we’re here to support your efforts to achieve financial freedom.

The Smart Approach to Paying Off a Title Loan Early

Paying off a title loan early can save you money, improve your credit, and reduce stress, but it’s important to be aware of any penalties or fees that may come with early repayment. By reviewing your loan agreement, contacting your lender, and using smart repayment strategies, you can make the most of early repayment without the downsides. At Quick Title Loans, we strive to offer flexibility and transparency to help our customers succeed financially.Ready to take control of your title loan? Contact us today to learn more about early repayment options and start your journey toward financial freedom!