New Program Eliminates Loan Late Fees

Oct. 25, 2012 - PRLog -- (Wilmington, DE) It’s every borrower’s pet peeve. You make your loan payments on time every month but you fall behind once and you are slapped with a dreaded late fee. Now Capitol Title Loans, a Delaware Licensed Lender, announces “No Late Fee” car title loans which can save individual borrowers hundreds of dollars or more.

“Borrowers with irregular pay periods, fixed incomes, varying pay amounts and others often cannot make payments in time to avoid late fees because their payday falls too far from the due date. They can become trapped in an endless ‘late cycle’. The net effect is such title loan customers would be penalized due to circumstances beyond their control. Capitol Title Loans “No Late Fee” Loans eliminate this problem” says company spokesman, David Fischer.

How much can you save? Most car title loan companies will charge a late fee of 5% of your monthly payment amount due if you are late making your payment. On a $200 car title loan payment a 5% late fee translates to a $10 penalty. Additionally, if the $10 fee is not paid along with the regular payment due, it can become part of your title loan balance and subject to future interest charges. Of course for larger payments due or multiple late fees, the charges accumulate even faster. A $400 payment would be subject to a $20 late fee and so on.

“No matter how much you borrow with Capitol Title Loans, every car title loan is a No Late Fee loan” says Fischer. “There is no limit. The regular fixed interest rate for the time the loan is open will continue to accrue. But unlike most lenders, there is no additional penalty if late. Even if you are unable to make your payment after the grace period, there is no late fee. Even if you are late more than one time, there is no late fee.”

As a Direct Lender, Capitol Title Loans can offer the extremely competitive rates on car title loans. All loan rates are fixed throughout the entire term. Plus Capitol Title Loans never charges an application fee, so it’s free to apply. Finally, Capitol Title Loans offers big savings on fees – there are no prepayment penalties, no upfront fees, no hidden fees and no late fees.

Capitol Title Loans “No Late Fee” car title loans are available at all Delaware locations:

Capitol Title Loans

772 Pulaski Highway

Bear, Delaware 19701

302.221.0886

Capitol Title Loans

241 South DuPont Highway

New Castle, Delaware 19720

302.221.2577

Capitol Title Loans

101 N. Union Street

Wilmington, Delaware 19805

302.652.3591

http://www.capitoltitleloans.com