Title Loans in Florida
Florida is known for its beaches and warm, sunny weather. It is the state where people all over the country choose to spend their life after retirement. It is also where the majority of summer homes are bought and where families have their dream vacations.
Not too surprising, as Florida is home to Disney World, known as “the happiest place on Earth,” and Universal Studios. For those looking for something different, there are all kinds of wildlife that exist in this warm, tropical climate—perfect for an escapist.
Those who are lucky enough to live here, get to experience all of these fun activities year-round, without having to travel far. When residents of Florida are need of some extra funding, they can continue to relax, as Title Loans serviced by LoanMart may alleviate the burden that comes with temporary financial insecurity.1
What Is a Title Loan Serviced by LoanMart in Florida?
A title loan serviced by LoanMart is a unique type of title loan. Just like a standard title loan, title loans serviced by LoanMart use the equity of the borrower’s vehicle to make funding available.
Many people look to car title loans for funding because they can be both easy and fast. With title loans serviced by LoanMart, a borrower gets both of those benefits, flexibility, and the potential to earn loan rewards.
How to Get a Title loan Serviced by LoanMart in Florida
Getting a title loan serviced by LoanMart is actually fairly simple, and it could take just a few minutes.4 This is largely because of the way that these loans are designed.
There are three simple steps involved with the process in Florida:
The first step is going to be to fill out a short inquiry form, either online or at a local MoneyGram location. The inquiry form will ask the borrower for some basic information about themselves and the vehicle.
2. Find Out Eligibility
Once the inquiry is filled out, you’ll know instantly whether you are approved or not. If deemed eligible and approved, a loan agent will get in contact with you. They will then discuss a rough loan estimate for a title loan serviced by LoanMart with you.
3. Get Funding
Once you’ve sent in your documents and everything looks good, you can then figure out how to obtain the funding. Funding could be made available via direct deposit to a bank account through a money transfer, or through a check.
If you get confused about any of these steps, or have any questions, a loan agent can help. Reach out to a knowledgeable loan agent at any time by calling toll-free at 1 (844) 237-5530.
More Information on Title Loans Serviced by LoanMart in Florida
On the fence about a title loan serviced by LoanMart for funding in Florida? Here is more information on how to obtain one of these reduced payment loans, along with answers to frequently asked questions.
By knowing all the ins-and-outs, you can get better insight into whether a title loan serviced by LoanMart is the right option for you:
- Why Choose Title Loans Serviced by LoanMart for in Florida?
- Why is a Title Loan Serviced by LoanMart Better For Funding in Florida?
- Why is a Title Loans Serviced by LoanMart Superior to Other Types of Car Title Loans?
- Will Credit Be a Huge Factor with Eligibility for a Title Loan Serviced by LoanMart in Florida?
- Can I Keep and Drive my Car with a Title loan Serviced by LoanMart?
- How to Earn some of the Benefits with Title loans Serviced by LoanMart?
- What Can Funding From a Title Loan Be Used for?
- Will My Information Be Protected With LoanMart When Applying for a Title Loan?
- How Will Repayment with a Title Loan Serviced by LoanMart Work?
- What if I am Struggling to Repay my Title Loan?
- What if I Default on My Title Loan?
- How Do I Get My Title Back?
Why Choose a Title loan Serviced by LoanMart Serviced by LoanMart in Florida?
Exceptional Customer Service
A Fast and Easy Process1
Honesty and Transperency
Competetive Interest Rates
Years of Knowledgeable Experience in the Loan Industry
Why is a Title Loans Serviced by LoanMart Superior to Other Types of Car Title Loans?
Here is more insight into why title loans serviced by LoanMart are the superior choice among other car title loans:
Accessible to Many
Title loans serviced by LoanMart were made to be accessible to a large group of people, no matter why they need funding or how much experience they have with the loan industry.1 One way this is done, is by accepting a wide variety of credit histories.1
Another area where other title loans fall short with inclusion is going to be the kinds of vehicles that are accepted. Title loans serviced by LoanMart typically accept a large variety of vehicles, even older car models, giving more people a chance at fast and efficient funding!1
“Flexible” isn’t usually an adjective that is used when describing the financial industry, but title loans serviced by LoanMart aim to change that. One of the main reasons that title loans serviced by LoanMart were created was to provide borrowers with unmatched flexibility. With everything from eligibility to repayment—this type of loan is extremely malleable and made to fit a variety of finances.
The Possibility to Get Something Back for Borrowing
With most loans, it’s a very one-sided transaction: the borrower pays interest in order to get money. Title loans serviced by LoanMart are set up to work a little differently. They give those who make steady, on-time payments the ability to earn rewards for being responsible!
Will Credit Be a Huge Factor with Eligibility for a Title Loans serviced by LoanMart in Florida?
You may be curious about what factors loan agents will look at in order to determine eligibility for title loans serviced by LoanMart. Many different factors will be considered, including credit. However, credit will not be the main qualifying factor when determining eligibility, so those with no credit may still be approved.1 This is because the vehicle is involved as an asset.
Here are the factors that will impact title loans serviced by LoanMart eligibility on a larger scale:
The Borrower's Income
Income, both monthly and annual amounts, will be looked at and considered. Income will be a huge factor when determining eligibility. A loan agent needs to make sure that an applicant will be able to make continuous monthly payments towards the loan on time. The great thing is that there are all kinds of different incomes which are acceptable for title loans!
The Borrower's Ablility to Repay the Loan
This factor will encompass things like income, expenses, and the amount of existing debt that an applicant has (one reason why a credit report will be looked at). This will give a loan agent a larger, more detailed picture of what an individual’s finances look like, and whether they will be able to pay back the loan.
The Value of the Vehicle
With title loans serviced by LoanMart, the vehicle’s equity will play a huge role with both eligibility and the loan value.
Can I Keep and Drive my Car with a Title Loans Serviced by LoanMart?
Yes! With a title loan serviced by LoanMart, a borrower can keep and drive their vehicle while they are paying back their title loans serviced by LoanMart!
This is because when a title loan is taken out, although the person repaying the loan gets to keep the car, the car's title will have a lien on it. A lien on a title is added when there is another owner/a loan involved with it. The title will be removed once the loan is paid back.
How to Earn Benefits with Title Loans Serviced by LoanMart?
With title loans serviced by LoanMart, there are two rewards that could be earned by the borrower.
To explain in further detail, these benefits include:
- Lower payments every month1
- Ability to borrow more funding with a lower interest rate1
In order to earn these rewards while paying back title loans serviced by LoanMart, a borrower will have to have an excellent repayment history.
Here are a few details a loan agent looks at when determining reward eligibility:
- Making sure that the loan is always less than 90 days past due.
- The loan cannot have been modified
- The vehicle with the loan, cannot have been repossessed
- The loan cannot have reached its original maturity date.
This may seem like a lot of information to take in at once. One way to interpret this information is that in order to earn these rewards, a person should make their payments on time and know exactly what they can afford to pay back.
By doing this, borrowers can avoid having to modify the loan or having the car repossessed. If a person follows all these guidelines with repayment, they could look forward to receiving a reduced loan payment every month and even more rewards.2
This is one of the most unique aspects about title loans serviced by LoanMart, and another reason to look to them when considering a title loan for funding.
What Can Funding from a Title Loans Serviced by LoanMart Be Used For?
The great thing about title loans serviced by LoanMart is that the funding from them can be used for a variety of different reasons.
Here are a few common reasons why people look to title loans serviced by LoanMart:
- Medical Expenses
- Home Repairs
- Veterinary Expenses
- To Pay Rent
- Legal Expenses
- Debt Relief
- To Pay for a Mortgage
- Wedding Expenses
- Funeral Expenses
- Car Repairs or Maintenance
Why is it Important to Think About Security When Applying for a Loan?
It becomes extremely important to think about protecting your personal information when looking for a loan. This is because every loan is different, and some may not have the proper security measures in place that they should have. Submitting information online can make people's finances vulnerable, so make sure to take precautions.
There are all kinds of things that can be done when the wrong person gets access to your personal information.
Here are a few potential dangers if precaution is not taken:
Identity theft involves taking someone’s information and using it to steal their identity. With the right information, a thief can get access to all kinds of financial accounts, which the victim will be unknowingly responsible for. Thieves can open credit accounts under their victim’s name, get a hold of savings accounts, primary bank accounts, and any assets.
Ruining Your Credit
Most of the time, when information is stolen it is used to get the most money from the victim. When this happens, chances are that the thief will also hurt their victim’s credit. Although credit reports can be altered, it still involves a lot of time and effort.
When working with title loans serviced by LoanMart, you can rest assured that extensive, precautionary measures are taken to protect you and your identity—both during and after the loan process.
How Will Repayment with a Title Loans Serviced by LoanMart Work?
Another thing that many people ask about, is how repayment works with title loans serviced by LoanMart.
With title loans serviced by LoanMart, repayment will be just as easy as every other aspect of the loan process. When looking to repay the loan, there are many ways to do so:
- Mailing your payment to the payment center
- Pay by phone
- Pay through automatic payment with a bank account
- Pay online (a loan agent will help you make an account)
- Pay using an app
- Visit a payment location
The minimum payment amount will depend on the value of the loan, and the interest rate (which varies from person to person). The loan payment will be due once a month on the same day. Repayment can last as long as 3 years—giving people plenty of time to stretch out their payments, if they would like to do so. One more thing to keep in mind is that with title loans serviced by LoanMart, paying back the title loan early is an option.5
What if I Am Struggling to Repay My Title Loan?
Sometimes while paying back the car title loan, a borrower may struggle to make their monthly payments. When that does happen, it is important to communicate right away.
With title loans serviced by LoanMart, a loan agent will try their best to help accommodate a borrower’s situation. And so, even if you struggle with repayment on your title loans serviced by LoanMart, here are a few flexible options that are offered:
The Potential to Refinance a Title Loan
One solution involves helping someone inquire about refinancing an existing title loan serviced by LoanMart. No matter what the reason for needing an adjustment might be, it could mean a better loan for your budget plan.
When talking to a loan agent, they will try and provide different solutions if finances change throughout the repayment process.
What if I Default on My Title Loan?
When a person defaults on their car title loan, it means that the borrower is unable to continue with payments and doesn’t have the ability to work with to figure something out.
This is another reason to make sure to find a flexible and understanding loan option. With many title loan options out there, defaulting on a loan can automatically mean that the car must be repossessed (with a few steps in between).
However, with title loans serviced by LoanMart, loan agents try to make repossession the last resort when a borrower is struggling financially. This is because they try to give people tons of options, so that a borrower doesn’t have to default on their loan in the first place.
Here are a few of those options:
Keeping Communication Open
As mentioned above, customer service lines for title loans serviced by LoanMart are always an option for borrowers to take advantage of. Borrowers are highly encouraged to reach out when finances begin to change.
The Ability to Refinance an Existing Loan
Another way they try to prevent default as much as possible, is by leaving the option of refinancing open for every borrower to inquire about. And so, instead of defaulting on a loan, a person may be able to change up some of their loan terms.1
The last thing that a loan agent wants to do is repossess a vehicle, so title loans serviced by LoanMart tries to make sure that that doesn’t happen. If it does come to that, the process will be handled with as much transparency and honesty as possible.
How Do I Get My Car’s Title Back?
Once the loan is paid off, you may be wondering how the car’s title is taken back. Since title loans serviced by LoanMart have their own DMV processing team, things can be just as smooth as when you first started the inquiry.
Here is the process of getting your car’s title back after repaying your title loans serviced by LoanMart:
Step 1: Confirm Details with a Loan Agent
Once you have made your final payment, go ahead and confirm the details with a loan agent. Let them know you wish to begin the retrieval process for your car title.
Step 2: The Lien is Removed from the Titl
There are a few ways this can be done:
- If the title is electronic, then it can be released electronically.
- The lien release section on a title certificate can be completed.
- An official letter can be submitted to you, with the information on the title.
Step 3: Head Over to Your Local DMV
Every state works a little differently with their title and lien transfers. In the state of Florida, there is going to be a $77.25 charge for transferring ownership of the car title.
Here is what most DMV’s will ask for when transferring a title:
- A government issued photo id
- An auto transfer form filled out
- Proof of car insurance
- Documentation stating that the loan has been repaid
- Payment for the title transfer
Step 4: Walk Away with Your Title
Once your information has all been presented and verified, title loans serviced by LoanMart can instantly go ahead and remove the lien from the title. Now the car fully belongs to you once again!
If you have any questions about the car title lien-removal process, you can reach out to any title loan agent through LoanMart’s customer service to receive the information and tools you’ll need to retrieve your car's title.
Where to Get Title Loans Serviced by LoanMart in Florida?
Because Title loans serviced by LoanMart are so innovative, borrowers could receive advantages with the funding process. Title loans serviced by LoanMart allow eligible people to have access to emergency funding without having to travel too far.1
And that is why title loans serviced by LoanMart offer a quick and easy funding process at different MoneyGram locations across the state of Florida.1 No matter where you are in the state, chances are that there will be a MoneyGram location near where you live or along your daily commute.
MoneyGram makes it easy to get the last part of the title loan process completed.
Not sure where the closest MoneyGram location is to you? Check out the map below along, which features a drop-down list of a few MoneyGram locations throughout the state of Florida: