Get Out of A Title Loan Without Losing the Car


There’s no getting around the fact that people can lose ownership of their vehicle because they can’t make payments on a title loan. Losing your vehicle because you can’t make the monthly title loan payments is one reason you must be proactive to avoid this situation. Apart from inconveniences to your schedules and financial history, repossession can impact your credit score and interest rates with any future loans. This article discusses various ways to get out of a title loan online!


Get out of a Car Title Loan Without Giving up your Vehicle

The easiest solution to get out of a title loan online is to be proactive and pay off the loan amount. You can do this all at once with a lump sum payment or make all your required monthly payments on time. Prioritize saving as much money as possible to pay down the borrowed amount. If you have extra cash flow each pay period, consider paying more than required. Let’s break down your options to get out of your lending obligation without losing the car.


Sell the vehicle to get out of a secured lending contract legally.

If taking another online title loan is impossible, selling your car could be a perfect alternative. You can use the amount from the sale to pay down the debt and start afresh. This option allows you to save cash for the entire loan duration. However, that may not work if you need your car


Refinance your future title loan payments.

Have you ever considered refinancing your current title loan? It doesn’t matter if you refi with the current lender or find a new company because once approved; you should get new payoff terms with a lower monthly payment. If you’re still current on the payments, refinance is much easier, so work with your lender to avoid a default.

Contact Highway Title Loans to get more info about our refinancing options and


Stuck in a title loan? Find out how to negotiate and get out of future payment obligations!


Get a personal loan to avoid losing your vehicle.

Remember, everyone falls into hard times at some point, and you should not shy off from seeking direct help from your family. When considering this option, the rule of thumb is to set up strict repayment terms and offer to pay interest on the loan.


Negotiate new payoff terms for your current title loan

If you are in a situation where you feel you can’t afford to pay off the loan amount, contact the lender immediately and ask for new repayment terms. Most lenders would rather have you make new payments under new terms than take away your car away.


Default on the title loan & negotiate with your lender to avoid losing a vehicle

Defaulting on the monthly payments can also be an option here. However, a loan default is never something we recommend and anytime you fall behind on title loan payments, you risk repossession. Even if a title loan lender in Atlanta repossesses your car and sells it at auction, you may still be responsible for an amount you owe not covered by the sale.


Contact your lender to get out of your title loan.

For people who borrow against their vehicles annually, car title loans could be the only source of fast cash to help them out of an urgent financial need. However, many borrowers fail to pay the money back to the lender leading to the risk of vehicle repossession and damaged credit history. If you have defaulted or are at risk of defaulting on the payments, keep in mind the lenders always make good on their auto and repossession warnings.

You must carefully explore all options available to determine the best course of action and settle on the title loan value for your vehicle. This starts with you reaching out to your lender’s customer service team to see what they can do to help. The last thing anyone wants is to lose the vehicle to repossession or face a situation where you owe more than the car is worth! Your lender will have to pay money to take your car and sell it at auction, and they’d instead prefer you keep making the monthly payments! If you have any questions or need help applying, contact Highway Title Loans today!


Apply for a buyout to get out of loan payments.

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