What is a Choice Cash Title Loan?
A ChoiceCash Title Loan is a loan serviced by LoanMart specifically designed to help those in financial need. ChoiceCash Title Loans were created to be flexible and work with the customer’s needs. That’s why the loan inquiry process is so easy.
When applying for a ChoiceCash Title Loan, one can start the process online. And the entire process could be completed in just a few minutes.
One requirement to be approved for a ChoiceCash Title Loan is that a person will need to post their vehicle’s title as collateral. Even if a person has bad credit or no credit, they could still be approved1.
Although the vehicle’s title will be used as collateral, a person will still be able to drive their vehicle while making monthly loan payments.
The Advantages of a ChoiceCash Title Loan
While a ChoiceCash Title Loan could provide funds in a quick and easy manner, they also offer other benefits as well:
Longer Loan Terms
Generally, Florida lenders will only offer 1 year loan terms, which can make repayment a bit tough. But with a ChoiceCash Title Loan, an individual could have a loan term of 3 years3. Thus, making repayment much less of a hassle.
Lower Monthly Payments
With the extended loan term, monthly payments are generally lower, as well. Unlike most title loans, interest rates on ChoiceCash Title Loans start pretty low and get lower as the borrower continues to make payments on time2.
Normally, title loans have the same monthly payment every month. But with a ChoiceCash Title Loan, each monthly payment is smaller than the last2. So, by the time someone makes their last payment, they could be paying half of what their first payment originally was.
Zero Hidden Fees
Even though some lenders also provide low monthly payments and longer loan terms, they may not mention their added fees. These additional fees are rarely mentioned, but they can take the form of balloon payments or pre-payment penalties. These added fees can cost people more money than they expected to pay.
A ChoiceCash Title Loan is different though, as there are zero hidden fees. That way people never have to worry about paying more than expected.
Getting Your Funds Though Your Local MoneyGram
When all is said and done, and you are approved for a ChoiceCash Title Loan, you can pick up your funds at any local MoneyGram location.
For those living in Lake Worth, Florida, there are many MoneyGram locations available. To help you find your nearest one, here is a map and a list of MoneyGram locations nearby.