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.
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.
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?
If you live in or near Charleston, South Carolina there are a number of emergency loan options available to you if you find yourself in need of emergency cash or funds. One option is a title loan from LoanMart.
If you want to apply for a title loan with LoanMart so you can learn your title loan estimate, it’s easy and quick! It can take less than 5 minutes to fill out the inquire and, depending when you apply, you can hear back from a representative within the same day!
Most lenders require credit history information, especially a credit score. This helps them determine how high or low they will set their rates for the borrower. A low credit score may mean they can increase your rates on the loan, making you pay more.