Getting a Loan in Frankfort, Kentucky Without Going to a Bank
In this modern age, it’s all about convenience. You can get nearly everything directly delivered to your door nowadays, so it feels like a big inconvenience to have to leave your house for errands. Even most banking is done online now. So, it can seem a bit ridiculous to have to go inside a bank for a loan.
Are you in need of funding and wondering how to get a loan in Frankfort, Kentucky without having to go inside a bank? Well the good news is that there is a great financial solution: a title loan serviced by LoanMart1!
In Frankfort, Kentucky you can get something called a car title loan without ever needing to go inside a bank. To learn more about how title loans serviced by LoanMart may help you avoid having to go inside a bank, keep reading this informative article.
How Do Online Title Loans Work in Kentucky?
What are title loans exactly? Car title loans are a type of secured loan that uses the equity in the borrower’s vehicle as collateral. The main qualifying factors for car title loans are the current equity in your car and your ability to repay the loan in full through scheduled monthly payments. Because of this and the secured aspect of the loan, it is far easier for individuals with all kinds of credit to be approved for title loans1.
When you are approved for a car title loan, the lender places a lien on the title of ownership for the car and keeps the title throughout the life of the loan. But you get to drive off in your car and use it as you normally would as long as you keep making the scheduled monthly payments. After the title loan has been paid off in full, the lien is removed, and the car title is returned.
Title loans serviced by LoanMart are set apart in the world of auto title loans because it’s possible to get a loan without ever having to go inside a bank. The entire inquiry process may be done online and in just three simple steps.
Send Documents Without Having to Go inside a Bank
To get the required documents for your title loan inquiry to title loans serviced by LoanMart, you don’t even need to leave the comfort or privacy of your home. All you need to do is scan each document then upload the files to your computer and send them to a title loan agent by email. If you don’t have a scanner, you may just take pictures of each document with your smartphone and email the photos.
Here are the typical documents that are required in your inquiry:
- Government Issued Photo Identification: Such as a driver’s license, a passport, or a state-issued ID card.
- Proof of Income: Like recent paystubs, Social Security statements, pension or retirement account statements, or tax records.
- Proof of Residence: Such as a utility bill, mortgage statement, lease agreement, bank statements, or voter registration card.
- Qualifying Title to Your Car: The car title to the vehicle used as collateral
- Photos of Your Vehicle: Photos of the front, back, both sides of your car, odometer and VIN
- References: Personal and/or professional
Car Title Loan Inquiry in Frankfort, Kentucky without Going Inside a Bank
You don’t need to go inside a bank to finish an inquiry for a car title loan with title loans serviced by LoanMart. You don’t even need to leave your house! Just follow these three easy steps, and you will be approved before you know it1:
Step One – Online Form
Fill out the online form on the website. It’s a preliminary inquiry form that asks just a few basic questions to determine your vehicle’s equity.
Step Two – Documentation
After reviewing the first online form, title loans serviced by LoanMart will give you a call or an email to request all the documents that are listed in the previous section. Take just a few minutes to gather all of the paperwork and then email photos of them to title loans serviced by LoanMart.
Step Three – Get Funds
This is when title loans serviced by LoanMart determine your eligibility for a title loan. After making a decision, they will notify you of your approval status and communicate the next steps. You may get your money as fast as the very next business day1!
If you’d like to get a loan in Frankfort, Kentucky without having to go to a bank, then start your online inquiry for a car title loan with title loans serviced by LoanMart today1!
How to Get Emergency Cash in Frankfort, Kentucky
Most personal financial advisers out there strongly recommend that their clients have a large emergency fund set up in preparation for any major shift in their financial situation.
Unexpected financial shifts may come in the form of a job loss, an increase in monthly bills, or some unexpected costly expense. Even though it is wise advice to have a substantial emergency fund set aside, for many people, it is not practically possible. Statistically, a very large percentage of Americans currently live paycheck to paycheck and cannot afford to put money aside into a savings account for a rainy day.
If you find yourself in a financial bind, you may be wondering how to get emergency cash in Frankfort, Kentucky. There is no shortage of funding options for you in Kentucky. Instead, your choice boils down to which loan is the best for your particular situation. Some funding won’t be quick enough because when you need emergency cash, you need it now. You don’t have the time to wait around through a long inquiry process.
Your Options for Funding in Frankfort, Kentucky
An idea you may have had already is to turn to close friends and family to see if they can lend you some money. That may be a great option for some people, but for many others it can make things far messier than they need to be. You don’t want to complicate a relationship by adding money to the equation.
Another thing you could do is get a line of credit in the form of a credit card. This could work if you already have available credit or good credit to qualify for some high limit cards. However, a lot of people can’t wait the time it would take to have a new card shipped to them.
And, of course, you could always take the route of a traditional personal loan from a traditional bank or a credit union in Kentucky. These kinds of loans may be very hard to get approved for as they require high credit because they are unsecured. The inquiry process may also take an extremely long time when you cannot afford to waste any time.
Auto Title Loans Are one of the FASTEST Funding Option in Frankfort, Kentucky
When you need emergency funding and you need it fast, auto title loans are the way to go. Title loans serviced by LoanMart may get you the money you need in Frankfort with a secured title loan as fast as the very next business day1! Yes, it really is that fast.
Auto title loans are a special kind of installment loan that is secured through the collateral value in the borrower’s car. This allows more customers to be approved regardless of the current state of their credit report. Title loans work hard to ensure that the title loan process is as fast as possible with a quick three-step inquiry process in Frankfort, Kentucky.
Title Loans Quick Three-Step Process in Frankfort, Kentucky
First thing that you need to do is fill out the simple online inquiry form. It will ask you a few basic questions about who you are, what vehicle you want to use for the title loan, and your current finances. It should only take a few minutes and when you are done, click submit.
Title loans serviced by LoanMart will reach out to you to request a few documents to verify your information and determine a title loan value. Typically, the required documents include a government-issued photo ID, a car title, proof of residence, proof of income, references, and some pictures of your vehicle.
After you have been approved for a title loan serviced by LoanMart, you should be able to get your money in as little as one business day1! You may pick up your funds from any local MoneyGram location nearest you in Frankfort, Kentucky.
Is a Title Loan Right for You in Frankfort, Kentucky?
Here are just a few of the amazing benefits of picking title loans serviced by LoanMart for your emergency cash needs:
- Flexible Long Terms
- Fast Funding1
- A Convenient Online Process
- Affordable Monthly Payments
- Amazing Customer Service
- Competitive Interest Rates
Contact title loans serviced by LoanMart today by calling if you have any questions about how to get emergency cash in Frankfort, Kentucky!