What to Do If You’re Struggling to Repay a Title Loan in Mesa
What to Do If You’re Struggling to Repay a Title Loan in Mesa
1. Don’t Ignore the Problem
The worst thing you can do if you’re struggling to make payments is to ignore the issue. Late payments can lead to additional fees, higher interest, and even the risk of losing your vehicle. Addressing the problem early is the best way to avoid these consequences.
Tip: Contact your lender as soon as you realize you may have trouble making a payment. Many lenders, including Phoenix Title Loans, are willing to work with you to find a solution.
“I was so worried about missing a payment, but Phoenix Title Loans helped me figure out a plan. They were so understanding.” – Lisa M., Mesa, AZ
2. 
Explore Loan Extension Options
If you need more time to make a payment, ask your lender about a loan extension. A loan extension allows you to push back your due date, giving you extra time to gather the funds you need.
How Phoenix Title Loans Helps: We offer flexible loan extension options to help Mesa residents stay on track without added stress.
“They gave me an extension when I needed it most. It was such a relief to know they cared about my situation.” – Mark H., Mesa, AZ
3. If You Are Struggling To Repay A Title Loan, Consider Refinancing Your Loan
Refinancing your title loan can help you secure better terms, such as a lower interest rate or a longer repayment period. This can make your monthly payments more manageable and reduce your financial burden.
How Refinancing Works:
- We evaluate your current loan terms and financial situation.
- We offer a new loan with improved terms to help you save money and reduce stress.
At Phoenix Title Loans, we specialize in refinancing title loans to help Mesa residents get back on track.
“Refinancing with Phoenix Title Loans was a game-changer. They lowered my payments and made everything so much easier.” – Jessica L., Mesa, AZ
4. 
Create a Budget to Stay on Track
One of the best ways to manage your loan payments is by creating a budget. A budget helps you prioritize your expenses and ensure you have enough funds to cover your loan payments each month.
Budgeting Tips:
- Track your income and expenses to identify areas where you can cut back.
- Set aside a portion of your income specifically for loan payments.
- Use budgeting apps or tools to stay organized.
At Phoenix Title Loans, we’re happy to provide guidance and resources to help you manage your finances effectively.
“Creating a budget helped me stay on top of my payments. Phoenix Title Loans even gave me tips to make it easier.” – David P., Mesa, AZ
5. Communicate with Your Lender
Open communication with your lender is key to finding a solution. If you’re struggling to make payments, don’t hesitate to reach out and explain your situation. Many lenders, including Phoenix Title Loans, are willing to work with you to avoid defaulting on your loan.
How Phoenix Title Loans Helps: We’re committed to helping our customers succeed. If you’re facing financial difficulties, our team will work with you to find a solution that fits your needs.
“I was so nervous about calling, but Phoenix Title Loans was so understanding. They worked with me to adjust my payments, and I’m so grateful.” – Maria G., Mesa, AZ
Why Choose Phoenix Title Loans?
Here’s why Mesa residents trust us for their title loan needs:
- Flexible Options: We offer loan extensions, refinancing, and other solutions to help you stay on track.
- Compassionate Service: We treat every customer with respect and understanding.
- Transparent Policies: No hidden fees or surprises—just honest, straightforward service.
“Phoenix Title Loans truly cares about their customers. They helped me through a tough time, and I’ll never forget it.” – Mike R., Mesa, AZ
Frequently Asked Questions
What should I do if I can’t make a payment?
Contact your lender immediately. At Phoenix Title Loans, we offer options like loan extensions and refinancing to help you stay on track.
Can I refinance my title loan?
Yes! Refinancing can help you secure better terms and lower your monthly payments. Contact us to learn more about our refinancing options.
How can I avoid defaulting on my loan?
Communicate with your lender, create a budget, and explore options like loan extensions or refinancing. Phoenix Title Loans is here to help you avoid default and stay on track.
Contact Us Today to Learn More
If you’re struggling to repay your title loan, don’t wait—contact Phoenix Title Loans today. We’re here to help you find a solution and get back on track. 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.
