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Title Loan laws in Alabama

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How Do I Get a Copy of My Vehicle Title?

It may be possible to get a duplicate title through your local Motor Vehicle Division (“MVD”). Some MVDs are capable of providing expedited titles. Depending on the circumstances, LoanMart might be able to assist you in acquiring an expedited title from the MVD or direct you to the nearest one that is able to assist you. Adding LoanMart as a lienholder at that time will speed up the application process for the loan.

Are there Any Costs Other than the Interest for a Title Loan?

There is no fee for applying for the loan. However, there may be additional fees associated with a title loan. They will be disclosed to you during the loan application process.

What Happens if I Fail to Pay My Title Loan?

If you fail to pay your loan in the allotted time, you put yourself at risk for having your car repossessed.  If this happens, the lender may repossess and sell your vehicle. You should also note that Alabama offers the right to cure . This means, if you have failed to repay your loan in the allotted time, you have an additional period of time to catch up on your payments before the lender can repossess and possibly sell your vehicle to recoup their losses.

How to Get a Title Loan with LoanMart

Now that you understand the laws surrounding title loans, you can see that auto title loans are a great way to get emergency money without the hassle of a lengthy application process. If you own a clear-and-free vehicle in your name, you may be able to use it as collateral, letting you potentially qualify for an auto title loan of up to $30,0001. Because of LoanMart’s streamlined registration process, the turnaround time between when you submit your information and when you receive your money could be less than 24 hours3.

With our easy process, we give you three ways to contact us that make it convenient for you:

  1. Visit a participating location
  2. Call us at 1-855-422-7412
  3. Sign up online without leaving your home

Once you’ve figured out the best way for you to get in touch, all you have to do is follow these steps to get the money you need:

  1. Fill out the registration form.
  2. Submit your important documents to your LoanMart representative.
  3. Sign your LoanMart agreement.
  4. Collect your approved funds!

Now that you understand the laws surrounding title loans you don’t have to let a sudden financial hardship ruin your day. With a few easy steps, you may be able to sign up for a title loan with LoanMart and have the funds you need to carry you through a rough patch1. Once you receive your money, take care of your expense and get back on track.

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