This is a touchy subject that needs to be addressed. Customers have always worried about going to Title Loan stores, like ours, as they fear their vehicle will be taken from them while the loan is in effect, or worse, if they cannot pay (as opposed to refusing to pay). Then their entire livelihood is uprooted or even destroyed simply due to a temporary lapse in their finances. Well, we will not speak for other title lenders, but please allow Phoenix Title Loans, LLC to lay those fears to rest, starting by explaining what a repossession auto title loan is.
What is a Repo Auto Title Loan?
A Repossession auto title loan (repo auto title loan for short) simply put is an auto title loan used to help in the cost of reclaiming your vehicle from a repossession. It’s similar to that of a buyout auto title loan, but occurs when you are in the repossession phase of your previous loan. The sooner we can help you with this repossession auto title loan (or repo auto title loan for short), the better to turn things around. It’s much harder to get a loan after the vehicle is repossessed and impounded.
How do I get a repo auto title loan?
The process is similar to that of our Auto Title Loan MVD Hold and Buyout Auto Title Loan. What we would need is the paperwork of the previous loan information and also a contact number or website to make the payment to cover the cost of the repossession. That’s the loan amount we will base off of. Keep in mind, if you have a steady income and are able to pay off the loan we provide, you are more than welcome to use your vehicle. But if you feel inclined, we CAN store the unit. Speak to our associates to see what options are right for you.
Why do you even HAVE such an offer?
There are three legitimate reasons why we have such an offer to our customers. The sad truth is, these are not the ONLY three. They are:
FIRST, we have such an offer because we have heard the horror stories of lenders in our industry. Lenders that DO NOT hesitate in claiming a vehicle just because a payment was late; or because a crisis in the family occurred. Chain “Lenders” that would claim a vehicle even when payment is on the verge of being DUE. Lenders that hound you at your door, day after day, which make customers no longer have ANY faith in such businesses. We have that uphill battle to fight everyday, but we will continue to fight this battle. We at Phoenix Title Loans, LLC want to be the safety net that you can rely on when the going gets tough.
What’s the Second Reason?
SECOND, to be perfectly clear, our intention as a lender is providing loans with the expectation of getting that loan paid back. This is a symbol of TRUST. You trust us with the amount of money you need to handle your emergency, and we trust you to repay the amount back. We understand that if you have an emergency or even need more time, WE WILL WORK WITH YOU. We can’t help if we don’t know what the situation is. Just let us know what is going on, and we can assist you in any way we can.
And the Third?
THIRD, we understand that your vehicle is important. While we DO offer the option of storage during the use of your loan, we would much prefer that it remain in your care. This is especially encouraged if you have a means of income and pay us back. Repossession is always a worst case scenario. That only comes about from when we don’t know what’s going on. Worse, repossession happens when we have false information. This goes back to trust.
This Seems Like A Bitter Pill to Swallow
It does seem a lot at first, but overall, it’s a pretty straightforward belief. Your belief in us to provide not only quality loans, but transparency in regards to the loans; and our belief you will repay them. We’re also citizens of the Valley too, so we understand the need to earn a living. We also are easy to reach as we have over ten locations at your discretion to when you need to find us. Finally, use our online chat or contact us if a new situation arises. We’ll work with you, if you work with us. This is how we’ve lasted for over a decade; and with our customers’ trust, it will be a few decades more.
