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The topic of refinancing title loans can often be a bit confusing

The topic of refinancing title loans can often be a bit confusing

On one hand the ability to lower the interest rate, payment, and total loan cost on an existing title loan can be a big help, especially for borrowers who rushed into a loan with a very high interest rate.

On the other hand refinancing a title loan is not permitted in all states and therefor not available to all borrowers. Nevertheless, if you have an existing title loan with a payment that is not affordable it may be a good idea to consider a title loan refinance.

So the answer to ‘can you refinance a title loan?’ is yes, assuming you reside in a state that permits these and you can meet the requirements for doing so. We’ll cover those shortly, first, what factors are there to consider when refinancing a title loan?

Factors for Refinancing a Title Loan

Borrowers may want to consider refinancing their loan for a number of reasons which we’ll cover shortly. So what factors are considered by the lender when entering such a transaction?

Vehicle Information

The first item to consider is the vehicle value. As with all title loans vehicle value is an integral part of determining the loan amount. Continue reading

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Southern Loans Greenville Nc – Upright Solutions & Zero Service Costs. Free to Sign-up. Speedy Choices to Get paid

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