Are Registration Loans Predatory?

 
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Yes, they certainly can be. Have you noticed that registration loans are only available in Arizona? This may be because payday loans are NOT available in Arizona, so registration loans act as kind of a loophole. By providing short-term, high interest rate loans, registration loan lenders can use tactics similar to payday lending without actually giving out a payday loan. It sure sounds like registration loans come with a lot of hidden strings and secrets. You probably want to avoid this type of funding.

With so many lenders out there, it can be hard to tell which ones want to help you and which ones are only after what in your wallet. LoanMart is a lender you can trust, and we can prove it by what our customers have said about us. Check out our customer testimonial page to read the personal stories that our customers have sent in to us. Car title loans are a type of funding that can help you purchase a house, get caught up on your bills, or save your family from a potential financial crisis. Unlike other predatory lenders, LOANMART IS A LENDER THAT CARES ABOUT YOU.

Benefits of Car Title Loans from LoanMart

  • Efficient Funding – LoanMart can get you your money as soon as the next business day3! Our streamlined 3-step process is designed with you in mind. We work at your pace, so the sooner you fill out your quick 5-minte information request and send us your documents LoanMart can draw up your car title loan contract and send you funding. Receive your money through electronic deposit, check, Money Gram, or in person at our licensed location1.
  • High Approval Rate1 – Have you ever been rejected by a lender just because your credit score isn’t as high as you would like it to be? Some lenders will immediately reject a potential borrower just because they have a lower credit score. LoanMart thinks that is just crazy! We accept people with a wide variety of credit scores every single day. Your ability to repay your loan and the equity of your vehicle are more important to LoanMart when accepting new borrowers than just a credit score.
  • Competitive Rates – Some lenders, like payday loan lenders, usually hit their clients with super high interest rates. This can make paying off any type of loan extremely difficult. LoanMart sets you up for success by offering your competitive rates that don’t come with the hassles of most traditional lenders. LoanMart will work with you when drawing up your car title loan contract to determine the best rates that fit with your unique budget.

How to Get a Safe Car Title Loan with LoanMart

  1. Send Us Your Information

Click onto the LoanMart homepage and follow the “APPLY NOW” link. This will bring you to a brief information request where we will ask you some information about your car and your financial history. The entire form should only take about 5 minutes to complete.

  1. Get Approved1

Upon approval, you and your LoanMart car title loan agent will talk about your FREE QUOTE and some of your contract details. Work with your title loan agent and come up with the perfect payment plan that works for you. Your title loan agent will request a few documents from you, then we can draw up your car title loan contract.

  1. GET PAID

When you sign your car title loan contract, you can receive your money right away. At this time, LoanMart will also sign onto your vehicle title as a lienholder, but this is so you can keep your car and drive it every day like normal during your loan period.

Get the money you need when you need it, inquire about a LoanMart car title loan today!

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