As Marketplace Lenders Offer Less, LoanMart Offers More Opportunities for the Credit Challenged

 
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As Marketplace Lenders Offer Less, LoanMart Offers More Opportunities for the Credit Challenged

LOS ANGELES – LoanMart, one of the nation’s premier financial technology companies, is excited to introduce a new type of loan to meet the significant demand of its customers: an Unsecured Personal Loan.

Financial institutions across America are offering fewer borrowing options for the credit-challenged, a trend that is leaving many consumers with little or no option when it comes to gaining access to much needed money. In response to this problem and at the request of its customers, LoanMart developed a unique Personal Unsecured Loan that will help people in need of money1. LoanMart specializes in providing non-prime consumers, many of whom face persistent challenges in securing credit, with access to competitively priced credit. LoanMart’s Unsecured Personal Loan offers responsible lending features including credit bureau reporting, amortizing loans, flexible repayment schedules and no prepayment penalties. LoanMart will now offer Unsecured Personal Loans in 8 states including California, Alabama, Missouri, New Mexico, Utah, Georgia and South Carolina. Loan Mart is licensed by the California Department of Business Oversight.

About LoanMart: Starting in 2002, LoanMart has grown into one of America’s largest lenders to people with less than perfect credit by helping people quickly get the money they need with both vehicle secured and personal loans1. For business development inquiries, please contact Rainer Walk, SVP Corporate Development at rwalk@loanmart.com or 818-465-7460.

Contacts

LoanMart
Rainer Walk, SVP Corporate Development
818-465-7460
rwalk@loanmart.com

Trusted lender of over 250,000 customers2

Trusted by over 250,000 customers since 2002, we know how to do business the right way. Our US based customer service team is there for you seven days a week.

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DISCLOSURES

LoanMart may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. LoanMart does not offer or service student loans. California loans are made or arranged pursuant to a California Financing Law License. See State Disclosures for additional disclosures.

1Credit approval is subject to LoanMart’s credit criteria standards. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by applicant. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan 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 5PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify LoanMart in writing by midnight on the sixth 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.

5LoanMart recommends and encourages customers to pay early and often and more in order to avoid additional finance charges.

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LoanMart is a responsible lender and takes its legal responsibilities seriously. Questions? Customersupport@800loanmart.com or call 855-399-2261.