What is a Title Loan?
A title loan serviced by LoanMart is a one of a kind loan meant to help people in financial need. Since title loans are designed to help people, they are quite flexible and may be acquired without much hassle1.
To apply for a title loan serviced by LoanMart in Williamstown, Kentucky, a person may go online and fill out an inquiry form in just a few short minutes1. Typically, qualified borrowers are funded within 24 hours, though in some cases funding may be acquired the same day someone applies1!
The approval process for a title loan serviced by LoanMart is convenient too, as a person uses their vehicle title as collateral1. By doing so, almost anybody may be approved – even those with bad credit1.
And the best part is that you may still drive your vehicle while making your scheduled monthly payments.
Frequently Asked Questions about Title Loans in Williamstown, Kentucky
- What happens with my car when I go with LoanMart Servicing Title Loans in Williamstown, KY?
As you keep up with your monthly payments, your car stays with you for you to use for the duration of your title loan.
- How long is the process with LoanMart Servicing Title Loans in Williamstown, KY?
Fast! Some people are able to get their money the same day they apply.
- What documents do I need with LoanMart Servicing Title Loans in Williamstown, KY?
Generally, basic documents like vehicle title, proof of income, proof of residency, and some photos of your car is what you’ll need for Title Loans serviced by LoanMart in Williamstown, KY.
The Benefits of a Title Loan in Williamstown, Kentucky
Title loans serviced by LoanMart come with a plethora of desirable benefits, such as:
Low Monthly Loan Payments
Typically, title loans have large monthly payments for the duration of the loan. But when it comes to a title loan serviced by LoanMart, there are no large monthly payments.
Longer Loan Terms
Title loans are typically considered short-term loans. Which means that they are to be repaid within a short amount of time, usually within 30 days or so. But title loans serviced by LoanMart are not like your everyday title loan, as loan terms may extend for years!
No Hidden Fees, Only Transparency
There are times when title loans can come with hidden fees like balloon payments or pre-payment penalties. Title loans don’t have that problem though, as there are no hidden fees to worry about5. Transparency is important, that’s why the borrower is informed of every possible fee before signing the loan agreement.
What to Spend Title Loan Funds On?
Since title loans serviced by LoanMart are designed to help people in times of need, they’re best used in emergency situations. Borrowers have used title loan funds to cover all sorts of unexpected expenses and overdue bills.
So, if you have a medical emergency, home emergency, or are in need of car repairs, a title loan serviced by LoanMart may be able to help1.
Accessing Your Funds at Your Local MoneyGram in Williamstown, Kentucky
Once approved, a person can then access their money from their nearest MoneyGram location. For the residents of Williamstown, Kentucky, there is one MoneyGram location nearby.
To aid you in finding this location, a map and the address are provided below.