What is a Title Loan Serviced by LoanMart?
A title loan serviced by LoanMart is a unique type of loan that is designed to help people who are in financial need. Because this loan is created to help people, it is rather flexible and almost anyone could be approved1.
In order to be approved for a title loan serviced by LoanMart, a person will need to use their vehicle’s title as collateral1. By using the vehicle title as collateral, almost anyone could get a title loan serviced by LoanMart because the main qualifying factor is not credit history¹.
To get a title loan serviced by LoanMart, a person can apply online from their own home. And the process can be completed in just a few minutes1. In some instances, a person could also be funded the same day they apply1!
Best of all, a person can continue to drive their vehicle while they make convenient and affordable timely monthly payments.
The Advantages of a Title Loan Serviced by LoanMart
Though title loans serviced by LoanMart may be very convenient to obtain, they offer borrowers other benefits as well, like:
Long Loan Terms
Loan terms can sometimes be rather short and car title loans are no exception. Title loans serviced by LoanMart are different though. Since they were created to help people, they have terms that can extend years, which may make repaying this type of loan easier¹.
Low Monthly Payments¹
Traditional title loans can sometimes have monthly payments that can be quite high. Higher loan payments can make it hard for some people to pay off their loans. Title loans serviced by LoanMart don’t have large monthly payments¹.
No Hidden Fees5
Loans can oftentimes come with fees that borrowers are simply unaware of. These fees can be anything from balloon payments to pre-payment penalties, which make paying back a loan that much harder.
But those who take out a title loan serviced by LoanMart need not worry about hidden fees, as there are no pre-payment penalties or balloon payments5.
Acquiring Funds from Your Local MoneyGram Locations in Coconut Creek, Florida¹
When a person is approved for a title loan serviced by LoanMart, they can access their car title loan funds from their nearest MoneyGram locations. Those who live in Coconut Creek, Florida have many options available to them, as there are over 40 locations nearby.