Customer Information

Make Your Payment On The Go!

We recommend making payments on our app using a debit card or by electronic funds transfer (EFT) using your checking account and routing number. Please note that all EFT transactions are instantaneous, funds will be withdrawn immediately. You can download the app from the Play Store or App Store below.

Welcome to Local Finance Company!

Welcome to Local Finance Company. Our goal is to assist you in building your credit while paying down or paying off your car loan. We’ll make every effort during this process to provide you with an experience based on knowledge, understanding and respect.

Have a Question?


Here are some important points to keep in mind.

What Type Of Loan Do We Provide?

Your loan is a simple interest loan. Your interest rate and payment will always stay the same, but the amount of principal you pay with each payment will vary. Interest accrues every day during a simple interest loan. In the beginning of the loan you will pay more interest than principal and at the end more principal than interest.

What's The Best Practice To Pay Your Loan?

Always pay complete payment amounts on or before your due date to make sure you’re paying the most principal and the least interest every month! Paying early and paying extra principal will help you pay off your loan faster. There are no prepayment penalties with Local Finance and you can always pay off your loan in full, refinance with another lender, or trade your car for another car at any time. We don’t refinance loans or offer loans directly to customers (you’ll need to visit a dealer to get a new car loan with Local) but we are more than happy to assist you with options when your credit has improved.

Is There A Grace Period?

Please note that there is no such thing as a ‘Grace Period’. For every day that passes beyond your due date, you will pay more interest and less principal. On the 10th day after your due date, you will also be assessed up to $15 of late fees in addition to the ten extra days of interest you will pay. We can’t stress enough how important it is to pay on time or early!

Can I Pay By Phone Or On My Computer?

If you prefer to pay online at our website, please visit our online portal.

You can also pay by phone at (305) 650-3442 via electronic funds transfer (EFT) or Debit Card (debit card phone payments incur a $5 processing fee). You may also mail a personal check, bank check or money order with your account number on it to:

Local Finance Company 20451 NW 2nd Ave Suite 200 Miami, FL. 33169

Do not send cash! We do not accept payments in cash.

Always feel free to call us with any questions or when situations about your payment come up. We’re here to help you figure out how to best manage your loan with Local Finance. Our office hours are Monday to Friday from 9 AM to 6 PM and you will be able to reach us by chat in the Local Finance App or texting your Account Manager during those hours as well. We look forward to building your credit with you!

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