Rolling over an auto title loan could run over your finances.

The additional interest and other fees you pay may quickly double, triple or even quadruple the total costs of your loan if you continually roll it over. What may have started as a loan in the hundreds of dollars could wind up costing you thousands.

If you desperately need the quick cash an auto title loan can provide, there are a few things you can do to help minimize the runaway costs of rolling over your loan if you can't afford to pay the loan back on the due date.

The first thing you should do is shop around for the best auto title loan rates. Get full disclosure of all fees and the annual percentage rate of any loan in writing. The costs of rolling over the loan should also be disclosed. Both local and online auto title lenders should be able to provide you with a full list of prices along with any associated terms and conditions.

You should also look for lenders that will require you to pay a percentage of the principal with each rollover. It's an excellent idea to seek out lenders that put a cap on the number of rollovers they allow. If your finances are in bad shape and you have to rollover your loan, paying a portion of the principle will save you a lot of money.

If you're forced to rollover your loan, your rollover payment will probably be more expensive with some of the principle added into the balance but you'll save a lot of money in the long run. Your goal should be to pay off your loan as quickly as possible; not continuing to defer full payment for another couple of weeks as you rack up charges.

The decision to take out an auto title loan should not be made lightly. The choices you make will determine if your finances are steered clear of danger or run over by runaway fees.