Car Title Loans and Confidential Information

As a legitimated financial services company, it is imperative for LoanMart to collect several types of personal information in order to confirm the application information and identity of would-be clients. The gathering of personal information is necessary so that LoanMart can comply with applicable lending laws such as the USA Patriot Act, and also protect both the lender and applicants and borrowers from fraud.

Examples of Confidential Information Required for Auto Title Loans

When it comes to personal information, there are several types of nonpublic details that are collected and maintained about clients:

• Information connected to your loan application, filled-out in forms such as: your complete name, address, contact numbers (landline and mobile), social security number, annual income, driver’s license number, as well as pertinent employment information.
• Information about transactions you’ve made with LoanMart as well as with other entities, which include your account balances and records of payment history.
• Information gathered from consumer reporting agencies, with include but are not limited to your overall credit worthiness as well as up-to-date credit report and score.
• Information collected about the vehicle that’s used on the loan application, including from government entities like the Department of Motor Vehicles and companies that provide information about a vehicle’s history and servicing records.

At LoanMart, we use personal information to confirm your identity and deliver financial products and services to you. We also use your information to process loan requests and to service your loan.

How LoanMart Protects Your Information

The safety of your confidential information is of utmost importance at LoanMart. That is why we restrict access to your personal information on an as-need basis. We maintain physical, electronic and procedural safeguards that adhere to all relevant state and federal laws for non-public personal information, and to industry best practices.

Worried about the safety of your personal information? There is no need to be! We’ve got you covered.

Here are just some of the things we do to protect your information:

• Access to sensitive information is kept to an as-need basis, with defined user roles.
• We encrypt sensitive personal information where possible.
• We use secure socket layer (SSL) technology to prevent unauthorized parties from viewing nonpublic personal information transmitted to or from us.
• We keep our systems updated.
• We perform ongoing monitoring of our systems.
• We have a robust set of Policies and Procedures that apply to data security and privacy, which are updated as needed.
• We comply with all federal and state laws about protecting your privacy
• Check our detailed privacy policy to get more details regarding the safety of your information.

What Alternatives Do I Have to Submit My Information for an Auto Title Loan?

With title loans serviced by LoanMart, it is not a must for you to upload your documents online. You are also welcome to provide them via email, or send them to us via text message.

We believe that a car title loan can be a good idea for anyone who needs urgent money to meet emergency needs or unexpected expenses. Whether you live in a large city like Akron, Baton Rouge, or Detroit, or a smaller one, a vehicle-secured loan can be one of the easier and fast ways for borrowers to access funds.

While the exact documents can vary from one loan provider to the next, you can expect to need the following when looking to borrow against your vehicle title:

• A car title bearing your name
• A government-issued photo ID such as a driver’s license
• Proof of residence
• Proof of income

How to Figure Out If Your Information Is Safe with A Title Loan Provider

With so many competing title loan companies in your area, the search for a safe car title loan company can be blurred a bit. Here are some tips to follow when looking for car title loan companies you could trust:

• Check customer reviews or testimonials: Some car title loans companies want to prove their legitimacy and great customer service, so always see if they have a testimonial page or customer reviews on trusted websites such as Google or the Better Business Bureau. Positive feedback and hearing the perspective of people who have gone through the process could offer peace of mind about a title loan company.
• Be sure to always ask questions: It’s never a bad idea to ask questions to a lender or loan servicer before you even apply. The quality of the customer service and answers provided could even help you spot any title loan companies that could be unsafe.
• Confirm licenses: In some states, lenders, brokers and loan servicers need to be duly licensed in order to market or service title loans. You can check with the respective regulatory agency in your state, or also check the NMLS Consumer Access website.

Why Get A Car Title Loan Serviced by LoanMart?

For more than 20 years, we have helped thousands of customers get the cash they need. Auto title loans serviced by LoanMart provide flexibility throughout the process, which includes multiple ways to apply, multiple ways to provide your required documents, multiple ways to receive your loan funds, and multiple ways to manage your account and make payments. Customers can choose whichever option works best for them!

With LoanMart-serviced vehicle title loans, all types of vehicles can be accepted as long as they meet the minimum value requirement for a loan – even when the car is not yet paid-off.¹

A car title loan can be particularly useful to borrowers who need fast access to funds – if you qualify for the loan, you could be eligible to receive the money in your bank account within 24 hours.^{1 3}

How to Apply

LoanMart is ready to answer your questions or concerns about getting a car title loan and the information required to do so. If you are comfortable applying online, you can do so at any time of the day. Or, if you prefer applying in-person over the phone, call us at 855-422-7412 to speak directly to a loan officer.