A family-friendly city with abundant outdoor recreation opportunities, Rogers, Arkansas also offers a nice mix of cultural events. However, the city’s steadily increasing housing costs can sometimes mean unplanned expenses may be difficult to handle. In these situations, auto title loans in Rogers, AR could provide the fast help you need – even if your credit is damaged.1 Here’s a look at how title loans work, and what to do to get one today.
How Title Loans Work in Rogers
A car title loan is an installment loan that can be used for any personal or household need. You will agree to allow the lender to place a lien against the title to your automobile as collateral in exchange for the loan.1 Because this gives the lender a legal right to the vehicle if you default on the loan, your credit history doesn’t matter as much with car title borrowing as it does with traditional loans.1 As a result, qualifying is easier, even if you’re having credit problems. Another benefit of borrowing against your car’s title is that you can keep using the vehicle as long as you make on-time payments.
Who Qualifies for a Title Loan in Rogers?
To qualify for a title loan serviced by LoanMart in Rogers, you must be at least 18 years old and live in Rogers. You also need to have a steady source of income, and hold the title to a vehicle with enough value to support your vehicle secured loan.1
How Much Can I Borrow with a Title Loan in Rogers?
While it is possible to borrow as much as $15,000 with an Arkansas title loan serviced by LoanMart, you can choose any amount within your approved range.1 The maximum loan amount for which you will be approved will primarily depend upon your income and the value of your auto.1 The value of your vehicle is based upon its make, model, condition and mileage. Your income can be from your job, self-employment, retirement funds, Social Security payments, alimony, annuities or any other verifiably consistent source.1
How Do Title Loans in Rogers Compare to Other Loans?
Auto equity loans offer easier qualification requirements and quicker approval times than many traditional bank loans.1 What’s more, you do not need a strong credit history to apply for car title loans serviced by LoanMart. This makes it easier to secure the funds you need.
Additionally, LoanMart-serviced car title loans typically offer more competitive interest rates than many payday loans and subprime lending options. Further, unlike most auto pawn loans, you can keep your vehicle while repaying the loan. Pawn shop operators typically require you to surrender your automobile until your loan is paid in full.
What is the Title Loan Application Process?
While applying for a vehicle title loan serviced by LoanMart is quite simple, it can be made all the more so by gathering the required documentation before you apply. This includes a valid government-issued photo ID, proof of income and a copy of your vehicle’s title. You will also be asked to provide clear, up-to-date photos of your car’s exterior, interior, odometer reading and VIN. Additionally, you will need to supply proof of your address. This can be a current utility bill, rental agreement or something similar.
Once you have your documents and photos ready, you can start the application process by completing a short application online, or by phoning 855-422-7412. Once your application is approved, you will review and sign your loan agreement. You may also be asked to sign a DMV form granting the lender permission to place the lien against your title. Once everything is signed and you have mailed in your vehicle title, your loan will be funded, and a lien will be placed against the title to the automobile.
How Fast Can I Get an Auto Title Loan in Rogers?
Completing an application can take as little as five minutes, and many applicants receive approval in under an hour.1, 3 Once everything is finalized, your funds can be available as soon as the next day – or even sooner.3
Is a Bank Account Required to get a Title Loan?
No! Having a bank account is not required in order to obtain a Rogers title loan serviced by LoanMart. While qualified borrowers are welcome to use their bank account to receive their loan proceeds or to make a payment, there are other options.
Title loans serviced by LoanMart offer a number of convenient funding and repayment options.
Funding options include:
- Cash pickups at participating money transfer locations
- Automated ACH direct deposits
- Wire transfers
- Checks
Repayment options include:
- Automated recurring payments from debit cards or bank accounts
- Phone payments
- MoneyGrams
- Cash payments at participating money transfer locations.
Car title borrowing serviced by LoanMart offers fast access to cash, flexible repayment options and dedicated customer service. Whether you reside in Rogers or another Arkansas city like Pine Bluff, Fort Smith, or Conway, a well-managed vehicle-secured loan can be a convenient way to deal with unexpected expenses.1
Apply today for your LoanMart-serviced title loan in Rogers!
Addresses shown display closest MoneyGram locations. Map displays all MoneyGram locations in general vicinity.
Locations Near Rogers, Arkansas
LoanMart is proud to help people all over the United States, including Rogers, Arkansas and beyond! Look through the different LoanMart service areas and see which one is closest to your neighborhood:
Nearby States by Arkansas That Offer A Title Loan Serviced by LoanMart
LoanMart is proud to help people all over the United States, including Rogers, Arkansas and beyond! Look through the different LoanMart service areas and see which one is closest to your neighborhood:
