What Happens If I Can’t Repay My Title Loan in Mesa?
Phoenix Title Loans, LLCWhat Happens If I Can’t Repay My Title Loan in Mesa?
We’re Here to Help
At Phoenix Title Loans, we believe in working with our customers—not against them. If you’re struggling to make your payments, here’s what you should do:
- Contact Us Immediately: The sooner you reach out, the more options we have to help you.
- Discuss Your Situation: We’ll work with you to understand your financial situation and explore possible solutions.
- Consider Refinancing: In some cases, we can refinance your loan to lower your monthly payments and make them more manageable.
“I lost my job and couldn’t make my payments, but Phoenix Title Loans worked with me to refinance my loan. They were so understanding and helpful!” – Lisa M., Mesa, AZ
What Are My Options?
If you’re unable to repay your title loan, here are some options we may be able to offer:
- Loan Extension: We may be able to extend your loan term, giving you more time to repay.
- Refinancing: Refinancing your loan can lower your monthly payments and make them more affordable.
- Partial Payments: In some cases, we can accept partial payments to help you stay on track.
Our goal is to find a solution that works for you while helping you keep your vehicle.
“I was so stressed about missing a payment, but Phoenix Title Loans helped me set up a new plan that worked for my budget. I’m so grateful!” – Mark H., Mesa, AZ
What Happens If I Can’t Repay My Loan?
If you’re unable to repay your loan and don’t contact us to discuss your options, here’s what may happen:
- Late Fees: Missing a payment may result in late fees, which can increase the total amount you owe.
- Repossession: As a last resort, we may need to repossess your vehicle. However, this is always a last option, and we’ll do everything we can to avoid it.
- Credit Impact: While title loans don’t typically affect your credit score, repossession may have financial consequences.
At Phoenix Title Loans, repossession is always a last resort. We’re committed to working with you to find a solution before it gets to that point.
“I was worried about losing my car, but Phoenix Title Loans helped me refinance my loan and avoid repossession. They truly care about their customers.” – Jessica L., Mesa, AZ
Why Choose Phoenix Title Loans?
Here’s why Mesa residents trust us for their title loan needs:
- Flexible Options: We work with you to find a repayment plan that fits your budget.
- Compassionate Service: We understand that life happens, and we’re here to help.
- Trusted by Mesa Residents: Over 10 years of experience serving the community.
- Transparent Process: No hidden fees or surprises—just honest, straightforward service.
“Phoenix Title Loans is the best! They worked with me when I was struggling and helped me keep my car. I can’t thank them enough.” – David P., Mesa, AZ
Frequently Asked Questions
What should I do if I can’t make a payment?
Contact us immediately. The sooner you reach out, the more options we have to help you. We may be able to extend your loan, refinance it, or accept partial payments.
Will I lose my car if I can’t repay my loan?
Repossession is always a last resort. We’ll work with you to find a solution before it gets to that point.
Can I refinance my title loan?
Yes! Refinancing is a great option if you’re struggling to make your payments. Contact us to learn more about how we can help.
Contact Us Today for Help
If you’re worried about repaying your title loan, don’t wait—contact Phoenix Title Loans today. We’re here to help you find a solution that works for you. 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.
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.
