Compare Financing

Lenders don’t charge same rate, so it is best to compare rates and terms. Fees are one of hidden costs of loans, so be sure to add them into total price of loan when comparing prices.

Mortgage websites make comparison shopping easy by sending your request out to several lending companies for bids. You no longer have to rely on local lending companies for offers. With internet, sub prime lenders have become more competitive as they vie for loans.

Read The Terms

Once you find a competitive financing offer, print off a copy of terms and read them carefully. Look for terms that charge a high late fee or several points up front. People with a bad credit history will pay higher fees, but they should not be excessive.

Lock In Rates

After you have done your comparison shopping, lock in rate by completing your loan application. Most mortgage lenders can complete process online, and send out a final copy of paperwork for your approval and signature.

Borrowers should read contract very carefully and make sure they understand what it means, before they sign it.

If you fail to pay loan, title loan lender may repossess your vehicle. However, title loan lender must first give you opportunity to make vehicle available at a date, time, and place of mutual convenience. You have right to remove your belongings from vehicle at no additional cost.

If your vehicle is sold, you are entitled to any proceeds of sale in excess of amount you owe and lender's reasonable expenses for repossession and sale.

All title loan lenders must be licensed in order to engage in title loan lending business. Each title loan lender undergoes a criminal background check to ensure that lender is qualified to issue a title loan.

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