Yes. After your loan is paid in full, we make a positive report to the credit bureaus. At LoanMart, we want to help you improve your credit score by sharing positive payment information.
At LoanMart, a car title loan can possibly improve your credit. It is an option for you when an unexpected bill or other financial emergency arises. You don’t need to have great credit to get a car title loan.
Getting a car title loan is a great way to get ahead. Here’s how you can benefit.
- We aren’t focused on your credit alone when considering approval for your loan.
- We understand how it can be bit confusing, especially when you are desperately in need of funds. Our desire is to help you get out of a financial crisis.
How to get a car title loan?
Regardless of what credit bureaus may report about you, getting car title loans with LoanMart is simple1! LoanMart offers secured loans where you use your car title as collateral. With LoanMart, the value of your car, your ability to repay the loan, and applicable laws in your state on loan limits will determine the amount you are eligible for.
The process of getting approved is quick and can be done in less than 30 minutes3. We have made the approval process easy for anyone who is interested in applying for Ohio title loans. This is because we know that customers may have many monetary obligations to meet.
What do title loans report to credit bureaus?
When you can make on time payments throughout the repayment period, we provide a positive update to the credit bureaus. Our loan solutions are customized to fit your lifestyle and needs. If you think that you will be late or miss a payment, contact us as soon as possible so we can make alternate arrangements. Our team of experts will work with you to come up with the best solution regardless of the situation you are in.
Get Accurate Billing Statements
The process is made simple through advanced billing technology at LoanMart. Our team provides customers with current balance and payment history online. No need to waste time in line waiting for paperwork balance or detailed payment history. We can share valuable information with you easily. Stay on top of your payments and account details by accessing these important features online:
- Billing information
- Payment History
- Payment methods
- Important messages
- Basic account information
In case you experience any problems with the billing statements on a car title loan don’t hesitate to reach out to us online or over the phone. Our team of experts will be able to help and answer any questions about credit bureaus and reporting process. Here at LoanMart, we have helped thousands of customers access funds when they need it the most.
How Car Title Loans Work with LoanMart
- To get a loan, you only need to provide a few documents.
- You will be requested to submit your original vehicle title
- A government issued ID matching the name on the title
- Proof of residency
- Additional documents will be needed such as current vehicle registration, proof of vehicle insurance, and proof of the ability to repay the loan.
At LoanMart we process the paperwork quickly to get the funding you need fast. Our title loans have no prepayment penalties. The borrowers are expected to make monthly payments to avoid default.
Want to find out more? Our customer care team is standing by to address any questions you may have regarding applying for and getting a car title loan. The funds you need could be available to you this week3. Find out how to get the best deal on a car title loan even if you don’t have the best credit!