It seems like there is an endless number of lenders out there, right? So many different companies are trying to convince you they are the best option for you, without really telling you anything about the loan.
Some lenders will try to push unsecured loans, such as a signature loan, because then they want to charge high interest rates. Other lenders like payday loan lenders try to make their loans sound like a great idea, but they leave out the fact that you only have a short amount of time to pay back the payday loan in its entirety before you are charged with sky high interest rates.
And then there are car title loans. A car title loan is a way to use the vehicle title to a car as collateral in order to borrow money. Unlike signature loans, car title loans are secured loans, which could be less of a risk than an unsecured loan because you are using your vehicle title as collateral.
Getting Informed About LoanMart Car Title Loans
If you’re looking to get some funding with convenient payback terms and an interest rate that won’t leave your head spinning, look no further than LoanMart1! But first, let’s learn more about LoanMart car title loans so you can make the best decisions for yourself.
LoanMart car title loans are known as secured installment loans. This means they are secured because of your vehicle title as collateral, and you can pay back your loan in installments, so your monthly payments can be manageable.
So, unlike payday loans, LoanMart won’t make you stress and scramble to come up with your entire loan balance in just one massive payment.
Did you know that car title loans also can go by other names? Here are some phrases people also use to talk about car title loans:
- Auto title loans
- Auto equity loan
- Pink slip loan
- Title loans with bad credit
- Cash for car title loan
- Auto collateral loan
People from many places throughout the United States have come to LoanMart when they need car title loan funding. Check out our testimonial page and see all the awesome things our family of customers have to say about us. You can also feel free to leave feedback on your own experiences using our anonymous rating feature. Here at LoanMart, we care about what you have to say, but we also always want to respect your privacy.
How to Get a Car Title Loan
One of the perks about LoanMart car title loans is that getting one is so easy! We have streamlined our procces to benefit you. In some cases, people even get their funding in as little as one business day3! The process is as easy as:
- Give us some info
- Send us some documents
- Pick how you receive your money1!
All you have to do to get started is to go to the LoanMart homepage and fill out a quick information request. We’ll ask you for some basic info about your car, your home, and your financial history. It should only take about five minutes to complete the request and we can tell you practically instantly if you are approved.
After you have been approved, your LoanMart car title loan agent will contact you to discuss the rest of the process. You’ll get a free quote, some information about your LoanMart car title loan contract, and at this point you can decide if you feel comfortable and want to move forward. We don’t like pushy business people any more than you do, so LoanMart will never move forward with your title loan contract until you give us the go ahead.
The last step is to sign your contract and get your money1. For safe keeping, LoanMart will hold onto your vehicle title and sign onto it as a lienholder. But this is only for the duration of your loan period. As soon as your loan is paid off, you can get your title back.
Talk to your LoanMart representative and pick how you get your LoanMart title loan funding:
- Receive a check in the mail
- Have your money deposited directly into your bank account or online wallet
- Go to a MoneyGram location
- Stop by our licensed location and get your money from us in person
You could be spending your LoanMart auto title loan money tomorrow3, so get started today!