Find Title Loans Serviced by LoanMart in Montgomery

3 Easy Steps

Here’s How to Get Your Cash1

1

Click or Call

The process is extremely fast. Apply over the phone or online.

2

Submit Info

Submit documents by 4 pm PST, get your cash the same day3.

3

Get Your Money!

Get money sent directly to your bank account, or pick up your money at a participating location.

3 Easy Steps

Here’s How to Get Your Cash1

1

Click or Call

The process is extremely fast. Apply over the phone or online.

2

Submit Info

Submit documents by 4 pm PST, get your cash the same day3.

3

Get Your Money!

Get money sent directly to your bank account, or pick up your money at a participating location.

Over 250,000 Customers Helped Since 20022
If you are from Montgomery, Alabama and need money, there is a unique offer for you to inquire about. Try title loans serviced by LoanMart!Âą
What is LoanMart Servicing Title Loans in Montgomery, Alabama?

Title Loans serviced by LoanMart in Montgomery, Alabama provide a convenient way for borrowers to find funding with bad or even no credit. Call 877-475-0609 to learn more!

What documents do I need with LoanMart Servicing Title Loans in Montgomery, Alabama?

Generally, basic documents like vehicle title, proof of income, proof of residency, etc., is what you’ll need for Title Loans serviced by LoanMart in Montgomery, Alabama. Need more information? Call 877-475-0609 now!

Do I have to go to LoanMart Servicing Title Loans in Montgomery, Alabama in person to get a title loan?

No! Title Loans serviced by LoanMart in Montgomery, Alabama are available online. Or, you can call 877-475-0609 to speak with a loan representative directly.

What are the Benefits of a Title Loan Serviced by LoanMart in Montgomery, Alabama?

By choosing a title loan serviced by LoanMart in Montgomery, Alabama, a borrower could get a lot of other useful benefits, and they are:

Easy Repayment

One huge benefit that comes with these loans is ease and flexibility with repayment. One way this is done is that borrowers are given the ability to pay the loan off early, without any fees, or penalties.5

When you are approved for a title loan serviced by LoanMart, you can be sure you get the most flexibility!

No Hidden Fees

There are absolutely no hidden fees of any kind, no giant payment at the end, or any other surprises.5

Convenience and Speed

Title loans serviced by LoanMart are made to be as convenient as possible and so when you apply, you could have the money you need the same day!1

The approval process for title loans serviced by LoanMart is extremely simple, and there are only a few documents that are required to apply!

About Service Areas in Montgomery, Alabama

With a unique program available to residents who are looking for title loans in Montgomery, title loans serviced by LoanMart may be able to provide secure funding backed by the financial stability of a title loan. Our representatives may be able to put hundreds- even thousands of dollars in your pocket fast, with low monthly payments1.

Service Hours

Monday 9:00 am to 7:00 pm CST
Tuesday 9:00 am to 7:00 pm CST
Wednesday 9:00 am to 7:00 pm CST
Thursday 9:00 am to 7:00 pm CST
Friday 9:00 am to 7:00 pm CST
Saturday 10:00 am to 7:00 pm CST

Where Can I Get Title Loans Serviced by LoanMart in Montgomery, Alabama?

With title loans serviced by LoanMart, you could get your approved funds through your local MoneyGram location!1 There are many Money Gram locations all over Montgomery, one more advantage of title loans serviced by LoanMart.

There is a map provided below, with MoneyGram locations in Montgomery. Along with a list of contact information of a few of these locations.

Addresses shown display closest MoneyGram locations. Map displays all MoneyGram locations in general vicinity.

Locations Near Montgomery, Alabama

LoanMart is proud to help people all over the United States, including Montgomery, Alabama and beyond! Look through the different LoanMart service areas and see which one is closest to your neighborhood:

Featured Locations Near Montgomery, Alabama

Cost of Living in Montgomery, Alabama

Whether you currently live in Montgomery or you could be moving their soon, having an idea of the cost of living for the area and how it compares to the rest of the nation is critical. Understand how the cost of living in Montgomery compares to the rest of the country. In addition to things like salaries, start thinking about how much to budget for expenses like:

  • Housing
  • Groceries
  • Utilities
  • Transportation
  • Healthcare

Average Cost of Living in Montgomery, Alabama

The average cost of living in Montgomery is 8% lower than the national average. A number of things are by taken into account, the costs for things like housing, groceries, utilities, transportation, and healthcare for example.

The cost for each of the five categories ranks below the national average, except utilities, in Montgomery:

  • Housing 17% Lower
  • Groceries 8% Lower
  • Utilities 7% Higher
  • Transportation   7% Lower
  • Healthcare 18% Lower

How does the cost of living in Montgomery compare to other major cities in the United States? Look below.

  • Phoenix, Arizona: 3% higher than Montgomery
  • Miami, Florida: 24% higher than Montgomery
  • Anchorage, Alaska: 39% higher than Montgomery
  • Dallas, Texas: 10% higher than Montgomery
  • New York City, New York: 148% higher than Montgomery
  • Knoxville, Tennessee: 11% lower than Montgomery
  • Chicago, Illinois: 34% higher than Montgomery

Average Salary in Montgomery, Alabama

Using average salaries of some of the main job titles in Montgomery, the average salary is reported at $41,293, trending up 0.2% over the last few months of the end of 2017. This is compared to the U.S. average of $51,939. Meaning the average salary in Montgomery is about 20% lower than the national average.

Cost of Housing in Montgomery, Alabama

There are three things consider when thinking about the cost of housing.

  • Monthly rent
  • Utilities
  • Internet

Rent on a one bedroom apartment runs at about an average of $700 a month. A two bedroom apartment costs about $800 a month on average.

The utilities for one month is about $149.24, including gas, heating, and water (as well as electricity and garbage). The cost of Internet for one month at a rate of 60 Mbps is $49.67.

 If you plan on purchasing a home, rather than renting, you’ll be glad to know that the average price to own in Montgomery is $68,500, about one-third of the average price for the nation, $206,300.

 Cost of Transportation in Montgomery

Transportation in Montgomery costs are 9% lower than the national average. The cost is figured to include:

  • Gas
  • Public Transportation
  • Taxis

One gallon of gas is about $2.11 in Montgomery. For a public transportation pass it costs about $45 per month and for a 5-mile taxis trip it can cost $14.50.

How Does the Cost of Living in Montgomery, Alabama Compare?

If you want to check the cost of living in Montgomery to where you live now, or where you are relocating, you can enter all your information on this website that helps you compare the cost of living between two cities, or the cost of a single city to the national average.

Living in Montgomery, Alabama

Montgomery was incorporated in 1819 as a merger between two towns along the Alabama River. It became the state capital in 1846. During the mid-20th century, it was a focal point of the civil rights movement, seeing a considerable number of demonstrations and protests. In addition to the Maxwell Airforce Base, there are a number of universities, and notable cultural attractions such as:

  • Dexter Parsonage Museum – Home of Dr. Martin Luther King Jr.
  • Rosa Parks Library and Museum – Tribute to Rosa Parks and her actions in 1955 that helped spark the civil rights movement
  • Alabama Shakespeare Festival – One of the ten largest Shakespeare festivals in the world, they stage more than 400 performances each year, attracting over 300,000 visitors from around the world.

What is an Installment Loan? Can I get one in Montgomery, Alabama?

It’s a type of loan that you pay back in equal parts, called installments, over a defined period of time. For example, if you borrowed $1,000 with a four-month repayment schedule, each month you would pay $250 + interest. As with other loans, you have to pay interest that accrues during each installment over the life of the loan, often monthly. You can learn more here.

How is an Installment Loan Different from a Credit Card in Montgomery, Alabama?

As with credit cards, you must make a regular payment, usually every month, to the lender. There are some differences however:

  • Interest Rate
  • Available Credit

 Interest Rate: Installment loan interest rates are often fixed for the life of the loan. In contrast, credit card interest rates can vary due to a number of reasons such as missed payments, change in credit score, or simply having a variable interest rate.

Available Credit:  When you borrow money from a credit card, if you need more you can borrow more. Installment loans involve receiving a fixed amount of money. If you want more money you need to fill out a new loan application.

What Are the Different Types of Installment Loans in Montgomery, Alabama?

There are several common installment loans:

  • Auto Loan
  • Mortgage
  • Personal Loan

 Auto Loans: These are typically used to purchase cars, and the vehicle being purchased is used as collateral for the loan. Normally the lender pays the full amount for the car and then the borrower pays them back in installments.

Mortgages:  These loans can normally have terms lasting between 15 and 30 years. They are for enough money to buy a house, which is also what they use for collateral.

Personal Loans: These loans are usually not secured with collateral. Due to this, lenders must use your credit score to determine the amount of money they can lend you, at what interest rate, and for how long.

What’s a Payday Loan in Montgomery, Alabama

A Payday loan is a short-term loan, normally meant to cover an emergency expense. Payment is typically due within two to four weeks, hence the name. Unlike something like a vehicle loan or a mortgage, a payday loan can be spent on whatever you want.

How Much Money Can I Get for a Payday loan in Montgomery, Alabama?

A payday loan in Alabama may not exceed $500. Additionally, you aren’t allowed to have more than one loan at a time from a given lender and there is a cooling off period between loans.

When Do I Need to Pay My Payday loan back in Montgomery, Alabama?

The term for payday loans in Alabama is between 10 and 31 days.

What Happens if I Can’t Pay My Payday loan back in Montgomery, Alabama?

As with other unsecured loans, if fail to pay your loan back there are a number of things the lender can do.

  • The lender may notify Equifax, Experian, and TransUnion, the three major credit bureaus. This may lower your credit score.
  • If the payday loan lender can’t take the payment out of your bank account because there isn’t enough money in it, they can charge you a one-time $30 NSF fee.
  • The payday loan lender may sue you. If they win, you may also be responsible for some of their court fees, up to 15% of the original check amount.
  • The lender may initiate criminal proceedings against the borrower if they go to withdraw money from an account and the account has been closed.

If you want to avoid all of the above, you may have the option of rolling the balance of your loan into a new payday loan, but you can only do this once.

How Does the Rollover Work in Montgomery, Alabama?

Rolling your payday loan over into a new loan extends the amount of time you have to pay it. Normally, you must pay a fee, and potentially a portion of the original loan. You’ll be responsible for the balance of the original loan, plus any new fees and interest accumulated during the extension.

What Happens if My Lender Sues Me Over My Payday Loan in Montgomery, Alabama?

If a lender takes a borrower to court for the balance of their payday loan, the borrower will have to argue in front of a judge as to why they shouldn’t be required to pay their loan back under the original terms. If the judge sides with the lender, the court will force the borrower to repay the loan. This may be done through taking money directly from the borrower’s paycheck and giving it to the lender.

What if I Need Emergency Money and I Have Bad Credit in Montgomery, Alabama?

If you have a qualifying car title in your name, you may be eligible for a title loan1.

Can I Get an Installment Loan Online in Montgomery, Alabama?

Generally, you cannot get an installment loan online. They usually have long application processes that require a variety of different documents. Additionally, the installment loans generally have to be spent on specific things, usually whatever they are being used to purchase.

What’s an Online Title Loan in Montgomery, Alabama?

An online title loan is a secured loan where your car title is used as collateral. You pay the interest and a portion of the principle each month over the life of the loan. Your loan is secured with collateral, meaning you may get a better interest rate than an unsecured loan. Because most title loan lenders are more concerned with the value of your car and ability to pay, there’s no lengthy loan application process. There are only a few things you need to get an auto title loan:

  • Qualifying title for the vehicle, with your name on it
  • Government-Issued I.D. (Driver’s License, State I.D., Passport, etc.)
  • Proof of Residence (Certain pieces of mail)
  • Photos of the front, back, and sides of vehicle
  • Proof of Income

What is the Maximum Interest Rate for a Car Title Loan in Montgomery,Alabama?

If you live in Alabama, all of the laws and regulations regarding car title loans can be found in the Alabama Small Loan Act. This piece of legislation defines important terms used in the car title loan industry, certain rules small loan lenders have to follow, and more.

The Alabama Small Loan Act also discusses the types of interest rates that small loan lenders are permitted to charge. Don’t let a potential lender take advantage of you by charging you more in interest fees than the law allows. Thankfully you don’t have to trudge through all 20 pages of the Alabama Small Loan Act to figure it all out.

If you’re looking to get yourself some funding through a small loan, like a car title loan, you definitely want to be aware of these rules, so you know which lender is right for you.

When you receive your initial loan balance, that number includes the interest fees that you are charged. That means if you have a loan balance of $2,000—that number should include your interest charges. When small lenders charge interest, they are not allowed to charge a borrower any interest fee that would come out to more than $200 a month—keep that in mind when you are paying back your loan.

Most lenders also charge a maintenance fee for keeping track of the borrower’s financial documents, history, and information. But be aware that this fee cannot exceed $30 in total, so potential small loan borrowers are probably looking at a maintenance fee of about $3 a month.

You want to make sure that you stay on top of your payments if you decide to get a small loan. Falling behind on your payments may look bad on your credit and it could end up costing you more money in the long run.

Another very important rule to remember is that if a small loan lender breaks any of the laws laid out in the Alabama Small Loan Act the transaction is completely voided, and the lender no longer has a right to receive any more money from you at all.

How Do I Get a Copy of My Vehicle’s Title in Montgomery, Alabama?

You might be able to get a duplicate title through your local Department of Motor Vehicles (“DMV”). Some DMVs are capable of providing expedited titles. 

Are there Any Costs Other than the Interest for an Online Title Loan in Montgomery, Alabama?

Applying for an online title loan is free. However, there may be other fees associated with the loan. Your lender should disclose them to you during the application process.

What Happens if I Fail to Pay My Online Title Loan in Montgomery, Alabama?

If you are unable to repay your loan within the time, your car may get repossessed. If this happens, the lender can sell your vehicle and keep all the proceeds. However, there is a right to cure period in Alabama of 30 days. This means, if you fail to repay your loan in time, you get 30 extra days to finish paying your loan before the lender can sell your car.

Benefits of Car Title Loans in Montgomery, Alabama

Here are just a few of the perks that come with car title loans:

  • High Approval Rate1—Worried about receiving approval for a car title loan because your credit isn’t as great as it used to be? With a title loan, you may not have to worry about hassles like that. Lenders care more about your ability to repay your loan and the equity of your vehicle. People with a wide variety of credit scores get approved for car title loans every single day.
  • Manageable Installments – Other types of funding, like registration loans, have no cap on how much interest the lender can charge.

How to Get an Auto Title Loan in Montgomery, Alabama

Auto title loans are a great way to get money without the hassle of lengthy application processes. If you own a vehicle in your name, you can use it as collateral, letting you potentially qualify for an auto title loan1. The turnaround time between when you apply and when you receive your money could be less than 24 hours3.

The first step of the car title loan process is to fill out a quick little information request. Simply log on the homepage to find the request form. The entire thing should only take about 5 minutes to complete, and you will also know right away if you have received approval.

After you have received approval for your car title loan, your agent will request a few documents from you. In order to make the process go by even faster, it is best to have these documents on hand at the start of your car title loan process, so you can send them promptly after your approval.

The last step of the car title loan process is to sign your contract and get your funding1! 

Once you’ve figured out the best way for you to apply, all you have to do is follow these steps to get the money you need1:

  1. Fill out the application.
  2. Submit the required documents to your representative.
  3. Sign your agreement and collect your funds1!

If you’re living in Montgomery now or in the near future you don’t have to let your expenses become a bigger problem than they need to be! With quick service and amazing benefits, how can you afford to wait?

More About Montgomery, Alabama

The Montgomery area is home to about 209,833 people in Alabama. Of those 209,833 people, 154,427 of them are considered adults, being above the age of 18. But what about the general gender distribution in Montgomery, Alabama? Well, there are approximately 110,731 identified females, which is about 46.88% of the total population, and 99,102 identified males, which is about 53.12% of the total population of Montgomery. Of those 110,731 females, about 83,276 of them are legal adults, that’s about 47.32% of the all the grown women in Montgomery. For the males, 71,151 are of legal adulthood, which is about 52.68% of all the grown men in Montgomery.

Interested in even more info about who lives in Montgomery, Alabama? Check out the additional information below!

Total People Under 5 Years14,246
Total People 5-9 Years14,361
Total People 10-14 Years13,094
Total People 15-19 Years13,926
Total People 20-24 Years16,212
Total People 25-34 Years31,479
Total People 35-44 Years26,326
Total People 45-54 Years25,452
Total People 55-59 Years13,590
Total People 60-64 Years12,120
Total People 65-75 Years16,605
Total People 75-84 Years9,279
Total People 85 Years and Older3,143

Some Housing Information about Montgomery, Alabama

There are approximately 83,057 total households in the city of Montgomery, with about 36,480 of those households being rented while 46,577 were owned. Between the years of 2015 – 2016, about 11,494 households were newly occupied, with about 9,143 of those households being rented and 2,351 owned. Between the years 2010 – 2014, 16,434 households were occupied by newly moved-in renters, and 7,741 households started being occupied by owners, which comes out to about 24,175 total households during that time. Between the years of 2000 – 2009 approximately 20,585 households were occupied by new people, with 4,313 of those households being rented and 16,272 were purchased outright and owned. Between 1990-1999, about 1,265 households were occupied by renters who just moved in, while 10,170 households were occupied by homeowners who just moved in; combined means that homeowners and renters moved into about 11,435 households during that time period.

Education in Montgomery, Alabama

Below is some basic education information about people who live in Montgomery:

Percent of People Who Have Not Graduated High School13.35%
Percent of People Who Have Graduated High School20.93%
Percent of People Who Started College29.08%
Percent of People Who Finished College28.94%

When it comes to homeowners and their education, about 10.28% of homeowners in Montgomery have not graduated high school, while 17.59% have. Furthermore, about 21.41% of homeowners who live in Montgomery, Alabama have started college/university, and about 27.62% have finished. Looking at people who rent their homes, about 23.13% of the home renters in Montgomery have graduated high school, while 16.3% have not. For college, about 30.44% of the people who rent their homes in Montgomery have started college/university, and approximately 22.42% have graduated college/university.

Employment in the Households of Montgomery, Alabama

Out of the 83,622 in the city of Montgomery, about 23,655 of those households contain people who are unemployed. Of those 83,622 households, about 37,213 of them contain 1 person working, 19,256 contain 2 people working, and just about 3,498 of them contain 3 or more people who are working.

Did you know that there are about 27,457 households in Montgomery with one resident, and out of those 27,457 households about 12,618 of them have residents who are unemployed while 14,839 households are the home of individuals who are employed.

If you would like to learn more about other households in Montgomery and their employment, check out the helpful information below:

Total 2-Person Households25,496
2-Person Households with Unemployed Residents6,986
2- Person Households with 1 Employed Resident10,350
2-Person Households with 2 Employed Residents8,160
Total 3-Person Households14,188
3-Person Households with Unemployed Residents2,243
3- Person Households with 1 Employed Resident5,893
3-Person Households with 2 Employed Residents4,597
3-Person Households with 3+ EmployedResidents1,455
Total 4-Person Households16,481
4-Person Households with Unemployed Residents1,808
4- Person Households with 1 Employed Resident6,131
4-Person Households with 2 Employed Residents6,499
4-Person Households with 3+ EmployedResidents2,043

Title Loans Serviced by LoanMart in Montgomery

When you’re living in Montgomery and in need of emergency cash, you deserve to get the money you need, when you need it. That’s why Title Loans Serviced by LoanMart is proud to service loans throughout the entire state of Alabama. Find out how you can get your money today by calling us at 855-277-4847 to learn more, or visit Title Loans serviced by LoanMart online to get started immediately.

Apply Now

All loans will be serviced by LoanMart. See State Disclosures for additional information. LoanMart is currently not lending in California and does not make loans or credit.

1Loan approval is subject to meeting the lender's credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan from LoanMart from February 2002 to October 2018.

3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 2PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify the lender in writing by midnight on the third calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.

5Lenders recommend and encourage consumers to pay early and often and more in order to avoid additional finance charges.

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