How to Pay Off a Title Loan Early in Mesa
How to Pay Off a Title Loan Early in Mesa
1. 
Understand the Benefits of Early Repayment
When you pay off a title loan early it comes with several advantages:
- Save on Interest: The sooner you pay off your loan, the less interest you’ll pay over time.
- Reduce Financial Stress: Eliminating debt early can give you peace of mind and free up your budget for other expenses.
- Improve Your Financial Health: Paying off your loan early can improve your creditworthiness and overall financial stability.
At Phoenix Title Loans, we make it easy to pay off your loan early and enjoy these benefits.
“I paid off my loan early and saved so much on interest. Phoenix Title Loans made it so easy!” – Lisa M., Mesa, AZ
2. Make Extra Payments To Pay Off A Title Loan Early
One of the simplest ways to pay off your title loan early is by making extra payments whenever possible. Even small additional payments can add up over time and reduce the total amount of interest you pay.
Tip: Use any extra income, such as tax refunds, bonuses, or side hustle earnings, to make additional payments on your loan.
“I used my tax refund to make an extra payment, and it helped me pay off my loan months ahead of schedule.” – Mark H., Mesa, AZ
3. Pay More Than the Minimum
Another effective strategy is to pay more than the minimum amount due each month. By increasing your monthly payment, you’ll reduce the principal balance faster and save on interest.
Example: If your minimum payment is \$200, try paying \$250 or \$300 instead. The extra amount will go directly toward the principal, helping you pay off the loan sooner.
“I added just \$50 to my monthly payment, and it made a huge difference. Phoenix Title Loans was so supportive!” – Jessica L., Mesa, AZ
4. Refinance Your Loan
If you’re struggling with high interest rates or want to pay off your loan faster, refinancing may be a good option. Refinancing allows you to secure better terms, such as a lower interest rate or a shorter repayment period.
How Phoenix Title Loans Helps: We offer refinancing options to help Mesa residents save money and pay off their loans faster. Contact us to learn more about how refinancing can work for you.
“Refinancing with Phoenix Title Loans saved me so much money. I was able to pay off my loan early and stress-free.” – David P., Mesa, AZ
5. Avoid Late Payments
Late payments can result in additional fees and make it harder to pay off a title loan early. Staying on top of your payments is essential to reducing your overall loan cost.
Tip: Set up automatic payments or reminders to ensure you never miss a due date.
At Phoenix Title Loans, we offer flexible payment options to help you stay on track and avoid late fees.
“Setting up automatic payments was a game-changer. I never missed a payment, and I paid off my loan early!” – Maria G., Mesa, AZ
Why Choose Phoenix Title Loans?
Here’s why Mesa residents trust us for their title loan needs:
- No Prepayment Penalties: Pay off your loan early without any extra fees.
- Flexible Terms: We’ll work with you to create a repayment plan that fits your budget.
- Exceptional Customer Service: We treat every customer like family.
“Phoenix Title Loans gave me the best experience. They explained everything clearly and made the process so easy. I wouldn’t go anywhere else!” – Mike R., Mesa, AZ
Frequently Asked Questions
Can I pay off a title loan early?
Yes! At Phoenix Title Loans, we encourage early repayment and never charge prepayment penalties.
How can I make extra payments?
You can make extra payments online, in-store, or by contacting our team. We’ll ensure your extra payments go directly toward the principal balance.
What are the benefits of refinancing my title loan?
Refinancing can help you secure a lower interest rate, reduce your monthly payments, and pay off your loan faster. Contact us to learn more about our refinancing options.
Contact Us Today to Learn More
Ready to pay off your title loan early? At Phoenix Title Loans, we’re here to help you save money and achieve financial freedom. Apply online or visit 1 of our 3 Mesa locations.
Contact Us: Call us at (480) 499-4699 or email us at info@phoenixtitleloans.com if we are your lender, and you are looking to pay off a title loan early, and give yourself some peace of mind.
DISCLOSURE: Loan amounts, terms, and rates vary by applicant and are subject to final approval. Not all applicants will qualify for the maximum advertised amount. All loans are secured by the value of your vehicle, which must be titled in Arizona and owned free and clear, unless otherwise stated.
Representative Example: A $2,000 auto title loan with a term of 12 months and an annual percentage rate (APR) of 35.99% would require 12 monthly payments of $200.96, for a total repayment of $2,411.52. All applicable fees and finance charges are included in the disclosed APR. This representative example is typical of a preferred loan with 25% Loan-to-Value ratio, $5,000 loan amount minimum, and a credit score of 700 or higher. Actual loan terms may vary based on vehicle value, requested loan amount, repayment ability, and applicable state regulations.
Early repayment is allowed at any time without penalty. Paying off your loan early may reduce the total cost of borrowing. Borrowers may be eligible for interest reductions when loans are paid off within an early payoff window, where applicable. We do not require a credit check for most auto title loans; however, all applicants must demonstrate the ability to repay the loan. Proof of income may be requested for underwriting purposes but is not always required for approval.
Approval times may vary and are subject to identity verification, vehicle inspection, confirmation of clear title status, and review of all required documents. While many loans are funded on the same day, some may require additional time for processing.
Phoenix Title Loans, LLC complies with all applicable federal and state lending regulations, including but not limited to the Arizona Revised Statutes Title 6, Chapter 5 and Title 44, Chapter 2.1, the Truth in Lending Act (TILA), and the Equal Credit Opportunity Act (ECOA). We are committed to transparency, fairness, and the responsible servicing of every loan. For borrowers who prefer to communicate in a language other than English, translated disclosures may be available upon request.
