Car Title Loan Criticisms Debunked

 
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Car Title Loan Criticisms Debunked

Car Title Loans May be More Valuable than You Think

At LoanMart, we are committed to providing our customers with an Auto Title Loan when they feel they have nowhere else to go. We’ve worked extensively with consumers that need access to funds without all the hassle of a traditional loan.

Whether you are caught in a family emergency, need funds for an overdue hospital bill or are simply behind on your monthly financial obligations, we may be able to help. Simply by using our online payment slider on our website, you decide how much you’d like to borrow, we show you the total monthly payment up front and you drive away with money in your account. Plus, there are no penalties for paying us back early.

How Online Car Title Loans Work

If you own your car, truck, SUV or van, you may be eligible for a car title loan from 800LoanMart. This allows you to gain access to cash in a relatively short amount of time by using the value of your paid off automobile to secure a loan.

With LoanMart Car Title Loans, payments are amortized over a period of 12-36 months, but can be paid off at anytime. We ask only that you have equity in your automobile, income that allows you to repay your loan and a few basic pieces of documentation in order to process your application.

Car Title Loan Criticisms Debunked

Some consumers may have a negative view of Car Title Loans simply because they don’t understand how the process works. We’ll answer any questions or concerns you have before processing your application. Some common criticisms of Car Title Loans can be debunked with just a little bit of research.

  • Do Car Title Loans have high interest rates and fees? 
    Actually, interest rates on Car Title Loans may be cheaper than traditional loans because the loan is set up to be paid off faster.
  • Are Car Title Loans too risky? 
    Because a Car Title Loan utilizes a borrower’s automobile as collateral, there is always some risk involved. If you are unable to make your payments, we’ll work with you to help avoid the repossession of your automobile.
  • Do Car Title Loans lead to more borrowing and debt? 
    Car Title Loans with LoanMart are fully amortized and are designed to be paid off in a relatively short amount of time. Before more debt is acquired, call LoanMart to help get the money you need.

Friendly Service and Quick Results

Our representatives are here seven days a week to answer any questions you have about your Car Title Loan. Give us a call today at 1-800-LoanMart to learn more about how we can help you get ahead. When you choose an Auto Title Loan, choose the lender with the experience.

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