As a resident of Oklahoma, you may have heard of many different loan options in your state, like:
With so many available to you, how can you know which one is right for you?
While many loan options exist, not all of them will be the best option for your financial situation. Keep reading to learn more about the available options in your state and if title loans in Oklahoma are the best fit for you.
For individuals in Oklahoma looking for an online loan, the good news is that one of the fast-funding options available is a title loan serviced by LoanMart!1 Approved borrowers could get their cash in as little as one business day.3
There are many kinds of loans available to inquire about. In terms of lending, these loans will generally fall into two categories: secured and unsecured. Secured loans are secured through an asset, and unsecured loans have no asset to secure them.
Payday loans and personal loans are both unsecured loan options, but there are a few differences between them in terms of funding:
If these options arenāt the right choice for you, donāt sweat it! You have other funding options in Oklahoma to consider. If you have a paid-off or close to paid-off vehicle, a title loan could be the right funding option for you.
If neither a payday loan nor a personal loan seems like the right option for you, then you may find that title loans in Oklahoma can be the better financial option. Title loans are secured loans, meaning that your asset speaks more during the approval process than your credit does.
With a title loan, your vehicleās title will be collateral for the loan, which helps secure the funding. This allows the title loan process to become much more flexible for borrowers that do not have a strong credit history!1 A secured loan like a car title loan can offer borrowers many different advantages, including:
While unsecured loans rely on a borrowerās credit history to offer a loan amount, a title loan can be different. For a car title loan, the loan amount and eligibility for a borrower are based on:
If your income supports it, you could receive a higher funding amount through a secured loan like a title loan!1 The more value your vehicle has, the more potential there is to get a higher loan amount!1 If you are like most drivers in Oklahoma, however, you may not know what your vehicleās current equity is. Thatās okay! LoanMart has a convenient online tool that can do the hard work for you. The online title loan calculator can take a few bits of information about your car and income to give you a free title loan estimate online- even before you place an inquiry for a title loan!1
If youāre faced with a tough financial emergency, the first thing on your mind is how fast you can solve it. Whether you are dealing with rent, an unpaid bill, or another unexpected expense, you need cash fast!
With car title loans serviced by LoanMart, the entire approval process is streamlined to help borrowers like you in an emergency. The inquiry process can take no time at all, and you can get started online for your convenience.3
Once you receive approval for title loans in Oklahoma, you could get your cash fast!3 LoanMart can be as speedy as 24 hours for qualified borrowers.3
Title loans serviced by LoanMart can be one of the most streamlined approval processes youāll experience!3 The three-step approval process can be simple and easy, but there are a few documents youāll need to submit to verify your information and speed it along. These documents can be submitted online via email or fax for your approval.
While the required documents can often vary from state to state, you can expect to need:
Not sure if your income is the right fit for a title loan? The good news is that you do not need a traditional 9-5 job to apply for title loans in Oklahoma. Borrowers from all different kinds of financial backgrounds could potentially qualify for title loans serviced by LoanMart!1 LoanMart understands that there is more than one way to earn a living. Even if you donāt have an office job, you could still qualify for the cash you need through an auto title loan. Some of the most accepted forms of alternative income for a car title loan serviced by LoanMart in Oklahoma are:
Even if you do not have traditional income, you may still qualify for the cash you need through a car title loan!1 If you still arenāt sure about your income qualifications, give a loan agent a call today at 855-422-7412. Agents are standing by for extended hours every day to get you the help you need!
If your financial situation has hit you hard, chances are, your credit is not where you would like it to be. While you may not qualify for many personal loan options, a title loan could be a different story!1 With title loans in Oklahoma, you may find a more flexible approval process available to borrowers in the same situation as you.
With traditional loan options, your credit history helps a lender determine how much of a risk you are to lend to. With a car title loan, the use of collateral during the approval process helps minimize that risk. Your vehicleās title will be the collateral for the loan, meaning that your lienholder has the legal right to repossess it if you default.
This allows the approval process to be so flexible to borrowers without a strong credit history! For a title loan, you are using your vehicleās title instead of your credit to secure cash. While your credit history may be considered, it is not the focus of the inquiry process. Instead, loan agents will look closely at your vehicleās value and your ability to afford a loan payment each month.
Even if you are not confident with where your credit history is at, donāt sweat it! You may still qualify for the cash you need through a title loan serviced by LoanMart today.1
LoanMart can offer borrowers the unique opportunity to receive funds and repay their loan without a bank account! Through LoanMart, you do not need a bank account to qualify for the cash you need.1
If you are searching for title loans in Oklahoma and do not have a bank account, or simply do not wish to connect your account with your bank, you have options available. LoanMart can allow you to access other payment methods after you have been approved for a title loan.
To repay your car title loan after approval, you can choose from several options, including:
To receive your funds after loan approval, you can choose a check in the mail, or you can simply pick up your money at any participating money transfer location near you. If you do not have a bank account but you do have a vehicle, getting an auto title loan may be your most convenient option for cash! LoanMart can offer secured loans to many borrowers that may not meet the traditional requirements for a bank loan.1
Applying for a loan can often seem like a hassle. Other car title loan agents may not have your best interest in mind, or the process may be a huge inconvenience if you need to visit the location in person. If you are searching for title loans in Oklahoma, you donāt have to leave your couch to find them!
Here at LoanMart, our agents are experts that care. You can expect a streamlined approval process that has been tailored for a financial emergency like yours!3 You can place an inquiry for a title loan directly from your smartphone or computer. You can expect that type of convenience when working with LoanMart!
With title loans in Oklahoma serviced by LoanMart, you can access our quick, online approval process with ease. You can expect the approval process to be as simple as:
Inquiring for a car title loan with LoanMart is quick and easy!3
Ready to see if your vehicle qualifies for the cash you need? You can inquiry about online title loans in Oklahoma today through LoanMart! Take advantage of the fast, three-step approval process that is tailored for borrowers in need of fast cash like you.
Get started today by heading over to the website, or give a LoanMart expert a call at 855-422-7412. Our loan agents are available for extended hours, seven days a week to get your questions answered!
If you have been approved for a title loan serviced by LoanMart in the state of Oklahoma, you will find that there's a rather convenient option to pay back your funding. One of these convenient methods is visiting any local MoneyGram!
One of the great things about working with title loans serviced by LoanMart, is that MoneyGram locations can be found throughout the country. Because MoneyGram's can be found in most cities, a person doesn't have to travel too far to inquire for a title loan or pick up their funds.
For added convenience, below is a map and a list of some MoneyGram locations spread throughout Oklahoma City. However, there are several more MoneyGram locations that are not listed below.
The below table provides some of the key income, loan and financial statistics for Oklahoma which are intended to give you a better understanding of how your financial circumstances compare to other Oklahoma residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:
Average credit score (VantageScoreĀ®) | 675 |
Average FICOĀ® score | 692 |
Average student loan debt | $31,525 |
Average credit card debt | $5,848 |
Average monthly car loan payment | $597 |
Share of households that rent | 35% |
Average rent | $818 |
Median gross rent | $862 |
Median value of owner-occupied housing units | $150,800 |
Median monthly owner costs - with a mortgage | $1,313 |
Median monthly owner costs | $432 |
Number of bank branches | 1,082 |
Median household income | $56,956 |
Per capita income | $30,976 |
Average title loan amount | $3,650 |
Learn now about title loan services and cash options in various states
All loans will be serviced by LoanMart. SeeĀ State DisclosuresĀ for additional information. LoanMart is currently not lending in California and does not make loans or credit.
1Loan approval is subject to meeting the lender's credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.
2Based on consumers who received a loan from LoanMart 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 2PM PT on a business day.
4To exercise the right to rescind, the consumer(s) must notify the lender in writing by midnight on the third 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.
5Lenders recommend and encourage consumers to pay early and often and more in order to avoid additional finance charges.
USA PATRIOT ACT NOTICE: IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driverās license or other identifying documents.
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