Do I have to payout within the 30 days for a title loan?
Although a title loan is meant to be a 30-day loan, you do not have to pay back your title loan within the first 30-days. Like any other financial obligation, the longer that you have an outstanding balance on your account, the more you will end up repaying that loan. With a title loan, you have the option to pay out within the first 30-days or pay at least the minimum payment of the interest to extend the loan for an additional 30-day period. You can keep the account active as long as you need to, just keep in mind that the longer that the account remains open, the more interest you will accrue for the transaction. We always encourage our customers to pay more then their minimum payment of the interest, when they can and if they can to reduce the outstanding principal balance and in return the finance charges for their title loan for the following 30-day period.
At Jacksonville Title, did you know that we also have a 30-day interest free program? This is a great option for first-time customers! What is great about the 30-day interest free program at Jacksonville Title and you will not find from other title loan lenders is that the promotion is valid for the life of the loan so you do not have to pay off within the first 30-days to take advantage of the program, it is valid for the life of your loan and we will waive the last 30-days of interest when you pay off your title loan!
30-day Interest Free; Not all customers will qualify for 30-day Interest Free Promotion. In order to qualify for the 30-days Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of Residency such as a service bill or bank statement in your name. You must open an account with Jacksonville Title in order to receive the promotion. Promotion must be requested to a Jacksonville Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid one (1) time, per customer.
Do you want to learn more about getting a title loan or have additional questions? Call Jacksonville Title now to speak to one of our friendly representatives at (904) 880-2274.