We Keep You Driving
It's a Win-Win Situation
For Car
Repairers &
Dealers
Keep your customers happy while increasing your revenue.
For Car
Title
Customers
Make easy affordable payments and keep your vehicle on the road.
Need Money For Other Reasons?
Whatever the reason, with a Car Title Loan from CARFCO, even if you have bad credit or no credit at all, you can still get the money you need, when you need it.
Register now to have your service center reaping the benefits of offering financing through CARFCO - Car Repair Financing Co.!
What Is A Car-Title Loan?
Before you consider applying for a car-title loan, you should carefully consider whether this is the best solution for your financial needs.
A car-title loan is a loan on which your car title is used as collateral. Applicants who apply for car-title loans are usually those who, due to poor credit, no credit or financial instability, are not able to obtain an unsecured loan through their financial institution. Since these loans involve a greater level of risk for the lender, their interest rates are usually higher than loans offered by regular financial institutions. During the loan repayment period, the vehicle remains in the owner’s possession and in the owner’s name at all times, unless the loan cannot be repaid as agreed upon in the contract. In this case, the ownership of the car or truck would be assigned to the lender in repayment of the debt.
Car-title loans are a solution for circumstances when you are in need of money, but cannot secure it by alternate means. With car-title loans, as with any other loan agreement, you should carefully review the terms and conditions of the loan and be sure you understand them completely. If something is unclear to you, be sure to ask your loan officer, and be sure to keep your loan agreement in a safe place so that you can review the terms if ever you should need to do so.
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