When people are looking for a loan, one of the first things many of them do is check their credit scores. Many people believe that they will never get approved for loan funding if their credit score is not within a certain range. While this is definitely true for most traditional lenders, at LoanMart this is certainly not the case. At LoanMart, people with all types of credit are encouraged to apply for our car title loans.
Why don’t you need a high credit score in order to get approval for a LoanMart car title loan? That is because when LoanMart determines your approval, we look at other factors such as the equity of your vehicle and your ability to repay the loan. In some cases, we might look into your credit score, but this is only to make sure that you are not currently declaring bankruptcy or currently going through pre-bankruptcy counseling.
What is an Installment Loan with No Credit Check?
At LoanMart, you can get a great deal on an installment loan, and your approval depends very little on your credit score. But what is an installment loan? An installment loan is a type of loan that allows the borrower to pay back their loan in increments, or installments. Installment loans can be very convenient to pay back because you aren’t forced to pay back the entire loan balance all in one huge payment.
LoanMart car title loans are a kind of installment loan. In fact, when you get approved for your LoanMart auto title loan, we will create a custom installment payment plan just for you. Using the LoanMart competitive rates and convenient terms, your monthly installments can be spaced out, so you don’t have to stress every time you have a payment due1.
How Can I get a Good Deal on an Installment Loan with LoanMart?
Getting a LoanMart car title loan is super simple—and best of all it’s fast! You can even get approved and receive your money in as soon as the next business day3! Here’s all you have to do:
- Send in your info
Start your LoanMart auto title loan how you choose: you can log onto the LoanMart home page and click on the “APPLY NOW” link, or you can try the awesome live-chat feature also located on our homepage. You can also send us your information by calling us on the phone at 1-855-422-7412, texting us at 1-818-315-8741, emailing us at email@example.com, or you can always stop by our licensed location and talk to us face-to-face. We will ask you for some information such as:
- Full name
- Cell phone number (or number where we can best reach you)
- Date of birth
- Email address
- The make, year, model, style, and mileage of your car
- Some information about your place of residence
- Your social security number or individual taxpayer identification number
You will know almost immediately if you are approved!
- Send us your documents
Upon approval, your LoanMart auto title loan agent will contact you to talk about your free quote and also request a few documents. Here are the documents your LoanMart title loan agent will ask for:
- Government issued form of photo ID
- Proof of residence
- Proof of income
- Vehicle title (with your name on it)
- Several photos of your car
- Receive your money1
The last step is to sign your LoanMart auto title loan contract and receive your money! When you sign your LoanMart auto title loan contract, LoanMart will also sign onto your vehicle title as a lienholder, but don’t worry because this is only for the duration of your loan period.
You could be spending your money in as little as one business day3, get started on your LoanMart car title loan today!