Top Car Title Loan Myths Debunked
Many consumers are turning to Auto Title Loans online for a way to get help when it is most needed. With LoanMart, we offer Auto Title Loans to consumers that own an automobile, who have an income & the means to pay off a loan. We are here to help our customers avoid the lengthy and frustrating process of applying for a loan from a bank, and offer an alternative solution to borrowing money.
There are many myths about Auto Title Loans, and some are created simply because consumers are lacking information about the process. We are here to provide you with valuable information about auto title loans and how they can benefit you and your family.
Myth: You’ll Lose Your Car with an Auto Title Loan
Our purpose is to help you gain access to funds and still keep your car. Without an Auto Title Loan, you may be forced to sell your car to access the money you’ve invested leaving no transportation.
We simply hold the title to your car until the loan is paid off, at which time it is returned to you, free and clear of any obligation. If you are unable to make payments on your loan, we’ll work with you to find a plan that helps you to avoid the repossession of your automobile.
Myth: Auto Title Loans Always Have Hidden Fees
Some loan companies may have hidden balloon payments and fees that come out of the blue, but here at 800LoanMart, all of our payments are fully amortized with terms ranging from 12-36 months. So you know up front what you are paying for your loan.
We’ll go over the details with you before any paperwork is signed, and answer any questions you have about your terms.
Myth: You’ll Never Pay Your Loan Back
It’s a common misconception that Auto Title Loans are difficult to pay back and may lead to a cycle of borrowing and debt.
Your repayment terms are explained from the beginning, and can be easily calculated how long it will take to be paid back. We want you to go into your loan with your eyes wide open, fully knowing what to expect.
Allow LoanMart to Answer Your Questions
If you’re interested in Auto Title Loans, give us a call today at 1-800-LoanMart. Our knowledgeable representatives are available to assist you in debunking any myths about Auto Title Loans that make you uncomfortable. We strive to always be direct and honest with you.