The payback of your title loan with Lake Title is simple and easy! When you open your account with Lake Title, one of our friendly representatives will review and explain the exact terms and conditions of your pawn transaction with our branch. Generally, most title loans are meant to be paid back within the first 30 days, however if you are unable to repay the full amount by your due date; you do have the option to pay at least the minimum interest as disclosed in your pawn transaction agreement by your due date. Please keep in mind that only paying your accrued interest will not lower your principal balance or your accrued interest for the following 30 days, it will only covered the accrued interest for that 30 days and extend your transaction for another 30 days. The way to reduce your principle balance as well as your interest that is accrued for the following 30 days is to pay above your minimum payment. The due date for your transaction is based upon the date we approve your title loan request. Since you will come into the Lake Title branch to complete your application and receive your funds, your entire title loan request can be completed in 20 minutes or less, and you will leave with the funds you were needing.