If you’re a resident of Ada, Oklahoma and you’re wondering if you could apply for a loan with a past bankruptcy, know that title loans serviced by LoanMart may be an option to consider1.
What is a Title Loan and Are They Available in Oklahoma?
A title loan serviced by LoanMart is a loan that is secured by using your car title as collateral in exchange for emergency funding. Title loans serviced by LoanMart operate and function slightly differently than traditional bank loans. They are typically faster to get, more flexible, affordable, and convenient!
Traditional bank loans can take weeks to validate and transfer the money you need when you need it. Through title loans serviced by LoanMart, some residents in Ada, Oklahoma could get approved within less than half an hour1!
Can I Still Apply for a Title Loan if I Have Declared Bankruptcy in the Past?
If you’re a resident of Ada, Oklahoma, and have declared bankruptcy before, there may still be loan options available for you!
Title loans serviced by LoanMart rely on collateral and not necessarily your credit during the approval process. As a result of using your vehicle title as collateral, title loans serviced by LoanMart could offer more options1. Unlike other loans–such as pawn shop loans–you can continue to drive your car while making your scheduled monthly payments!
This is one of the many benefits of choosing a title loan serviced by LoanMart–they offer convenience throughout the approval process.
Auto title loans, such as title loans serviced by LoanMart, offer high approval rates due to the secure nature of the loan. This is an advantageous benefit to those who have previously declared bankruptcy and may have bad credit, as title loans are more flexible than traditional bank loans.
How Do I Qualify for a Title Loan in Ada, Oklahoma?
To qualify for a title loan serviced by LoanMart as a resident of Ada, Oklahoma, there are a few simple requirements you must meet. Such as:
- Be 18 Years of Age or Older
- Own a Vehicle in Your Name
- Receive a Steady Income
By meeting these requirements, you could be well on your way to completing the next steps in the approval process. Residents of Ada, Oklahoma with a past bankruptcy must provide a few different documents to the loan agent when applying with title loans serviced by LoanMart.
Documents for a title loan will vary by state, but in Oklahoma you will need:
- A valid government-issued photo ID
- Proof of income (bank statements, pay stubs, checking account statements, etc.)
- Proof of residency (utility bills, lease/mortgage agreement, etc.)
- Qualifying vehicle title with your name on it
With these documents turned in, it becomes even easier to get approved for a title loan serviced by LoanMart the same day1!
One of the last steps before approval is to submit photos of your vehicle for inspection. This is because the title loan value is largely based on the actual value of your vehicle.
The following vehicle details are taken into consideration for the loan amount:
- Make and model
- Current condition (any damage or modifications)
By conducting this inspection, you can receive the most accurate equity estimate!
Title loans serviced by LoanMart are some of the most flexible, easy, and convenient loans available for residents in Ada, Oklahoma. Even if you have declared bankruptcy in the past, title loans serviced by LoanMart may still be an option to consider.
Get the convenience and financial help that you need with title loans serviced by LoanMart in Oklahoma1!
Why Choose Title Loans Serviced by LoanMart in Ada, Oklahoma?
If you’re still struggling with the aftermath of past bankruptcy, consider working with a flexible loan option that has your best interest in mind.
Bankruptcy can ruin your credit for up to ten years, which can affect your ability to get approval for a loan. Making the right financial decision can help you bounce back from bankruptcy and financial hardship sooner!
Unlike a traditional bank loan, title loan terms are personalized to fit your needs to help you obtain affordable funding1.
Take a look at some of the incredible benefits borrowers receive with title loans serviced by LoanMart.
Longer Loan Terms
One of the most beneficial reasons to choose a title loan serviced by LoanMart is the ability to acquire a longer loan term that suits your financial situation. With title loans serviced by LoanMart, repayment terms can extend for years!
No Hidden Fees to Worry About
With other title loans, hidden fees can become a huge burden at the end of title loan repayment. Title loans serviced by LoanMart offer honesty and transparency, so that means no hidden fees to worry about.
Low Monthly Payments
With a title loan serviced by LoanMart, your monthly payments are low during the repayment process. This is a benefit to those trying to ease their financial situation.
Choosing title loans serviced by LoanMart could leave eligible borrowers in Ada, Oklahoma with more money in their pocket1! To inquire today, simply call or apply online!