Title Loan Payments
Discount Car Title Loan
How do I set up automatic payments?
Automatic payments are the easiest (and free!) way to make your payments on time. Enroll today by calling Discount Car Title Loan. You will need your bank or credit union account and routing number (see below) for the one-time setup.
How can I pay my car title loan?
Customers can always make payments at any of our Discount Car Title Loan stores in Texas, or via debit card.
Can I cancel my loan after being approved?
At Discount Car Title Loan we will allow applicants to cancel their loans within 3 days of receiving their advance. If the original principal is paid before the 3-day grace period, you wonít usually be liable for any interest charges.
How long do I have to repay my car title loan?
Car title loan terms and due dates vary by state. We will provide you with this information after you have been fully approved for a car title loan.
Is there a prepayment penalty?
Discount Car Title Loan in Texas, does not charge prepayment penalties. A prepayment penalty is a fee that is accessed when you pay your loan before its due date.
What happens if I am late with my payment?
If you are late with your personal or car title loan payment, you may be charged additional fees. The number of fees will vary by state and lender. In addition to being charged a fee, there may be other consequences if the loan remains unpaid. Some lenders in Texas may choose to report your delinquency to all or one of the three credit bureaus, submit your information to a collection service, or seize your vehicle and sell it to a third party.
How do I get my title back? How long does it take?
At Discount Car Title Loan we will return the vehicle document to you once you have finished paying off your title loan in full. If you complete your title loan at any of our locations in Texas, you will usually receive your title back immediately. If your loan was completed online, it might take a few weeks to receive your title back in the mail.
Can someone else make a loan payment for me?
Yes. However, the privacy laws limit what information lenders can share about the loan. Therefore, if youíd like someone to make a payment on your behalf, please either provide authorization to our Discount Car Title Loan personnel in Texas to transact with that person on your loan, or make sure they have the following information in order to make a payment: the name and telephone number on the loan and the payment amount you would like to make.
* To be approved for a Title Loan.You must be at least 18 years of age. Approval is subject to vehicle inspection and appraisal.
**In Texas, Vin-Title, LLC (d/b/a Discount Title Loan) Will act as a Credit Services Organization to assist you in obtaining a loan. Your loan may be made by an unaffiliated third party Lender. Please see the store associate for details.
This service is not available in all areas. If you request a car title loan in a particular area where such loans are prohibited, or in a location where we do not have an available lender, you will not be connected to a lender. You are urged to read and understand the terms of any car title loan offered by any lender and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
This service is not available in all areas. Our online loan service readily serves your need to connect with a quality car personal loan. The process takes a few minutes. Fill out our secure online loan questionnaire and we will send an encrypted copy for us to approve. Once you submit your information you will be able to review the terms of the personal loan, including details about all the applicable rates and fees. If you accept these terms, you may deposit money directly into your bank account, in many cases, as soon as today!
Lenderís Disclosure of Terms.The lenders will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender based on the lenderís internal policies, underwriting criteria and applicable law. You are urged to read and understand the terms of any loan offered by any lender and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
Late Payments may Hurt Your Credit Score.Please be aware that missing a payment or making a late payment can negatively impact your credit score (for personal loans). To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.
What we do. Discount Car Title Loan is not a lender and does not make loan or credit decisions. We connect interested persons with lenders from our approved personal loan and car title loan network. We do not control and are not responsible for the actions or inactions of any lender, we are not an agent, representative or broker of any lender. Our referral service is always free to you.
On-line Marketplace.Our goal is to get you the best title loan rates and title loan terms in the market. We have also made the process simple. No need to visit hundreds of websites and fill out numerous paperwork.