Title Loans Customers Now Have Refinancing Option

PRLog (Press Release) - Jan. 23, 2013 - Wilmington, DE)  Cash strapped consumers have increasingly been using their automobiles as collateral for easy to obtain fast cash loans. The practice, commonly known as title loans, has exploded with the struggling economy. Because many of these borrowers are in urgent need of cash, they often seek out the nearest company that offers car title loans. Without the time or inclination to shop around, they can often end up with less than desirable terms that ultimately cost them hundreds or even thousands of dollars in additional fees.

Now there is new hope for those caught in an overly expensive car title loan. Capitol Title Loans, a Delaware licensed lender is now offering refinancing of car title loans from any lender. So even if your current loan is not with Capitol Title Loans, you can still apply. The program provides customers with an existing title loan a free application to determine if refinancing can save them money.

“Customers may potentially save thousands of dollars over the life of their loan” by refinancing at a lower rates, says company spokesman David Fisher. “The savings go beyond a lower interest rate” says Fisher, “Capitol Title Loans also saves customers money with no fee services such as pay by phone and no late fees.”

Capitol Title Loans offers a fast application process and will not check your credit score. In most cases the refinancing can be completed the same day. Most passenger vehicles are eligible. While many title lenders will not loan money on cars older than 10 years, Capitol Title Loans will consider even older and higher mileage automobiles.

Details about Capitol Title Loans refinancing program are available by calling (302) 221-0886 or by visiting www.capitoltitleloans.com

Capitol Title Loans has Delaware offices in Bear, New Castle and Wilmington. Service is available Monday thru Friday from 9am-7pm and Saturday from 9am-5pm.