It’s simple! Once you have paid the loan back in full, LoanMart will remove itself from the title. Your car title is returned to you at the end of the repayment period.
At LoanMart we have no interest in holding onto your car title after you paid off your car title loan. That’s why we ensure that we remove our name from the title loan in the shortest time possible. This process can take up to 15 business days in most states. However, this may be sooner in some states.
Did you know that there are several different ways to go about paying off your car title loan? We allow our borrowers to choose whichever way is most beneficial and convenient for them. Need your car title back after paying off your loan? No problem!
Here are some options to make payments and get your car title back fast:
- Visit a payment location in person
- Mail payments into the payment center
- Pay by phone with a credit card or a check
- Make monthly automatic electronic payments from any checking account
- Pay online using the My Accounts tab
At LoanMart we want you to have all the information on loan payments you need to succeed. Having access to information increases the likelihood that the car title loan will be paid off in a timely manner. Our phone lines are open for help and advice, no matter what your questions may be. We make you our number one number priority and are eager to answer any questions you may have.
Here are some tips for paying off your car title loan:
- Have a monthly budget for loan payments.
- Pay more than what is required whenever you can.
- Keep up to date will all your billing statements.
- Check with us on a regular basis to be sure you are on time with your payments.
- Don’t hesitate to reach out to us whenever you have questions.
- Calculate your interest and make your own payment plan if you wish to pay off the car title loan earlier than the agreed-upon date.
What happens if I don’t pay my loan on time?
At LoanMart we want to help you in the best way possible to come out of your financial emergency. We don’t want to add to your misery but rather, help alleviate it. That is why we work with you to customize payments that fit your budget and extenuating life circumstances. We work with you to ensure that the loan is completed in a stress-free manner.
We understand life can present difficulties that might disrupt your payment schedule. You can reach out to our customer service team to discuss refinancing options that are available to you.
At LoanMart, we work with you to find a mutually agreeable solution that considers the extenuating circumstances that made you default in the first place.
You will get your car title back with LoanMart as soon as it has been repaid. Here are 5 reasons we can offer you a superior title loan experience.
- You can always get support: We have a dedicated and committed customer care team that will give you all the information to help you make informed decisions. We want to support you and be part of your journey to financial freedom. We want you to understand everything beforehand. You can even try the loan for a grace period to see if it fits your lifestyle4.
- We have thousands of satisfied customers: LoanMart is one of the leading car title companies on the West Coast. Our mission is to give cash to those who need it the most. We have a great team of customer care experts to help you get the support you need. LoanMart is there for you in times of financial emergency when you may have an urgent need for cash.
- You can take your time paying back the loan: Car title loans normally have a repayment period of 12-48 months. However, at LoanMart we don’t penalize you if you start making early payments on your loan.
- We have competitive interest rates: We don’t have a flat interest rate policy but rather one that is flexible. It’s important to us to consider the diverse needs of clients. We customize your loan to make sure you can repay it comfortably.
- Managing the loan is easy and fast. Our online account management tools make it easy to stay on top of things with your car title loan. Your car title loan is just a few clicks away! With automatic payment methods you don’t even have to login to get things done throughout the repayment period.
Here are more reasons for choosing LoanMart car title loans
- The process of determining the value of a vehicle takes only few minutes. You don’t need to waste time as we use advanced technology.
- Your credit score and history report don’t influence the loan approval process that much. Approval of the loan is primarily based upon the equity of your vehicle and your ability to repay the loan.
- You can continue to use your vehicle while making loan payments.
- The process of determining whether you qualify for a car title loan only takes a few minutes. You may even be able to get the money you are looking for before the end of the business week3.
These are the Top 3 benefits of LoanMart
- We have a variety of payment methods. The payment process is simple and easy allowing our clients to make payments on time every month.
- At LoanMart, we are not interested in unnecessary documents. Our customer service representatives will only ask for a few documents to make the process hassle free for you.
- LoanMart has several methods to receive funds. You can receive your loan in cash, through wire transfer, by check, or viaMoneyGram.
Not convinced? These are 4 Advantages of choosing LoanMart that make people go with us every time!
- Competitive interest rates
- funding available in as little as one business day 3
- High chances of approval1
- Applying for funds and making inquiries is free, no obligations whatsoever