How Old Do You Have to Be to Get a Cash Loan?

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How Old Do You Have to Be to Get a Cash Loan?

In order to be approved for a cash loan, you need to be a legal adult. For most of the United States, legalized adulthood occurs at the age of eighteen. But cash loans are notorious for having astronomically high interest rates. If you are a young person seeking financial assistance, a cash loan may not be the best option for you.

The term “cash loan” can refer to an unsecured payday loan or any other unsecured loan that does not use a form of collateral. With the high interest rates that come with unsecured loans, paying back an unsecured loan could be quite difficult. Falling behind on your cash loan payments will lead to a cycle of debt and if you default, possibly a poor report on your credit report. Especially as a young person, you want to do things that will improve your credit report, not harm it.

What Alternatives are There for Getting Loans for Young Adults

If you own a car, a car title loan may be a better option for you. When you get a car title loan with LoanMart you will enjoy our competitive interest rates LoanMart1. We also have longer repayment terms than unsecured loans. We offer terms ranging from 12-48 months.

Where to Get the Best Deal on a Car Title Loan

When you are looking for a car title loan, you want to go with a leading lender. The lending company, LoanMart, has been a leader in non-traditional lending since 2002! We have a respected reputation as a trusted lender, because LoanMart puts your financial needs first. We have the experience to guide you through our lending services.

The secret to LoanMart’s success is our 3-point mission.

  • Serve
  • Educate
  • Protect

LoanMart is dedicated to providing you with the best service possible and giving you the most accurate information all while protecting your personal details in our secure network. Here’s what we think:

  • Customer Service – because we care about YOU

Everything we do here at LoanMart, we do for YOU. Our customers are at the heart of what we do because LoanMart wouldn’t be the successful car title loan lender we are if it weren’t for your support. We strive every day to identify and address every single one of your financial needs. There are qualified LoanMart representatives available 7 days a week with extended hours for your convenience. We are here to answer all questions you may have about your title loan process.

  • Education – because knowledge really is POWER

In order to make the best decisions for yourself, you need all the facts. LoanMart aims to empower you with the most accurate and useful information available. The more you know, the better prepared you can be when it comes to making important financial decisions. LoanMart makes a strong effort to never mislead you, we hate inaccurate information just as much as you do.

  • Security – because you should always be safe

We know it can be scary to input your personal details into the computer, especially this day in age. That’s why LoanMart protects your information inside our encrypted network, to fend off hackers and other internet thieves. Rest assured with your LoanMart title loan knowing that your personal information is in safe hands.

How do Car Title Loans Work?

Getting a title loan with LoanMart is simple and only takes 3 easy steps

  1. You give us a call at 1-877-787-4923, visit us at any of our participating stores, apply online on LoanMart’s website, or even use your mobile device using our LoanMart Mobile App
  2. LoanMart can get you your funding as soon as 24 hours3. You can find out if you are pre-approved after filling out a quick 5-minute information request. After we have your documentation, you will go over the terms of the contract with an underwriter, then you can sign your contract
  3. You will be paid with either a check, in person, electronic money transfer or through participating MoneyGram stores

LoanMart has been a top-notch lender for over a decade. We pride ourselves on our competitive business practices that work to get you the financial assistance you need fast! At LoanMart, YOU ARE THE PRIORITY.

Check out our home page and get started on your car title loan process today! If you make an effort towards your financial security today, you could reap the benefits of car title loan funding and get a loan that works best for your financial situation.