When a loan company repossesses a car, they may have the option to auction it to recover the money they lent the borrower. State law normally dictates the exact process. In some states for example, the lender must send the borrower a right to cure notice. This will say that the borrower has a certain amount of time to pay the balance of the loan, otherwise the lender will proceed with the repossession.
A common question for people is why am I being denied for a small loan? One of the most common reasons for a lender to deny a small loan is because the applicant’s credit score does not meet the lender’s minimum standard. If you have late payments on your credit report, accounts in collection, or if you have filed bankruptcy, it can severely affect chances of receiving a loan of any kind.
Emergency situations call for a fast response time, and if you’re facing an emergency financial dilemma, you might want a swift and easy car title loan process. If you’re wondering, “Can I handle my car title loan completely online?”, LoanMart can help you with that. With LoanMart, our streamlined application process allows you to complete your entire application process online.
A personal loan is an unsecured loan available in Alabama. This means that it is not backed by collateral, such as your home or vehicle. Because the loan isn’t secured, Alabama lenders must use your credit score when determining how much money they can loan you, and at what interest rate. Additionally, you will likely be able to borrow less money for a shorter time at a higher interest rate.
If you find yourself in a situation where you need some emergency funds, don’t let poor credit or no credit keep you in financial trouble. Use your qualifying car title to see if you are eligible for a title loan today!
The online application process with LoanMart is super easy to use, and its convenience is virtually unmatched! LoanMart has online account access, something that not every title loan company has. Some auto title loan lenders may even need for you to come inside the business to apply for a loan, but at LoanMart, we are all about convenience for our customers.
Managing your title loan funding is just as easy as receiving your funding for your title loans. We make it simple to maintain your title loan and easily make your payments. To make sure you are up to date with your LoanMart loan, you can receive monthly statements that explain how much you have left, when your next payment is due, and any other important information regarding your loan.
As with payday loans, you can use money from title loans for difficult financial times, unexpected bills, emergencies, etc. However, title loans are secured loans. Because you are using your qualifying car title to apply for the loan, you can usually get more money at a better interest rate than with an unsecured loan, like a payday loan. Additionally, you can continue to use your car as normal during the life of the loan
With a US-based call center, we operate beyond the typical 9-5, Monday through Friday work times. We are actually open 7 days a week with extended hours! Our days start early in the morning, and we stay in the office to help customers to make sure we’ve helped all the customers we can.
With our late hours, this gives you the chance to apply in an emergency, or once you get off work, so you don’t interrupt your work day. This way, your loan application process may go by faster since you won’t be distracted by work or other daily obligations.
Yes, you generally can but that’s completely dependent on which lender you chose your title loan (or title loans) from. The problem that may occur is that some title loan prepayment plans may come with a cost. When looking at your payment plans, always be sure to check to see if there is a title loan prepayment penalty.
This penalty occurs when you want to fully pay for your title loan early and could raise the cost of the loan to a point where you cannot possibly pay for it. But how do you know if you are attempting a title loan prepayment?