Knowing What a Title Loan Serviced by LoanMart Is
A title loan serviced by LoanMart is a loan that’s been created to help people in financial need¹. As such, it’s been designed to be as manageable and as flexible as possible—making it affordable for many.
Title loans serviced by LoanMart work by using a vehicle’s title as collateral. Using a vehicle’s title as collateral is quite beneficial as credit is not the main qualifying factor. Thus, if you have bad credit or no credit, you could still be eligible for a title loan serviced by LoanMart1.
Repayment is also quite flexible too. Typically, title loans have terms that only extend to about a year. But with a title loan serviced by LoanMart, loan terms could last years.
The Advantages of a Title Loan
While title loans serviced by LoanMart have impressive loan terms and could be obtained rather quickly1, they also have other advantages as well.
Small Monthly Payments¹
Title loan monthly payments can vary quite a bit. Thus, making it a bit difficult for some people to pay back what they owe in a timely manner. But with a title loan serviced by LoanMart, borrowers don’t have to worry about large monthly payments because payments are low¹.
Getting Paid Faster¹
The inquiry process for some loans can take a while to complete. But with a title loan serviced by LoanMart, inquiries could be finished in mere minutes1. A person could be approved and receive their funds the same day they apply1!
Zero Hidden Fees5
Oftentimes people find out too late that the loans they acquired have hidden fees attached. Fees like these can take many forms and can make paying back a loan that much more expensive. Though with a title loan serviced by LoanMart, there are no hidden fees5.
Get Your Funds at Any MoneyGram Location in East St. Louis¹
Once you have been approved for a title loan serviced by LoanMart, you will then have to pick up your money. To get ahold of your funds, you could go to any MoneyGram location. There are plenty of MoneyGram locations in East St. Louis, Illinois, so there are many options to choose from.