Yes! If you have an existing title loan serviced by LoanMart, you may be able to get more money on your car title loan. Once you’ve established a positive payment history, you can apply for more money1!

With title loans serviced by LoanMart, you have the opportunity to get the cash you need while getting an increase on your car title loan. Title loans serviced by LoanMart are primarily based on the value of the car and the borrower’s ability to repay the loan1. If you take out a title loan, and you make payments as agreed by your contract, you will stand a good chance to take get approved for additional funds on a future car title loan application. It is important to note that car title loans serviced by LoanMart range from $2,000 to $50,000 depending on the state in which you live. At LoanMart, we are committed to connect you with the money you need while also creating the opportunity to improve your credit score by reporting your loan payments to a credit bureau.

Additional funds on existing car title loans can be sufficient to pay customers’ urgent needs such as repairs, rent, emergency travel or some unexpected bills.

Who Qualifies For an Increase On a Car Title Loan?

Title loans serviced by LoanMart allow people with any type of vehicle to apply for a title loan. Existing customers can qualify for more money after having established some payment history on their title loan. You can qualify for a loan increase and received hundreds or even thousands of dollars depending on the length and consistency of your payment history, the updated value of your vehicle, and your continued ability to make payments, i.e. your updated income1.

Call Our Team

Take the first step and call our toll-free hotline to speak with a specialist.

855-422-7412

Potential Benefits of Getting More Money on Your Title Loan

If you have an existing title loan and are in need of some extra cash, borrowing more money against your car could come with a few advantages. These can include:

  • Ease of process: Getting an increased loan amount from the lender you are already working with can be very convenient, especially if you have bad credit. A lender who is already familiar with you may be able to offer a streamlined process with less paperwork and quicker approval.1 Also, if you are already familiar with the lender or loan servicer, you’ll likely have an easier time navigating their loan process and managing your loan as you’re already familiar with the payment options and communication channels.
  • Better cash flow: the extra cash you can get on your existing loan may just be the funds you need to take care of an urgent expense that is risking to put a strain on your budget.
  • Less complexity: if getting a loan somewhere else is an alternative to getting more money on a title loan, the latter option might be better since you’ll still only have one loan with one lender. Rather than having to remember making two payments each month, you’ll continue to only manage one payment. This can also mean lower costs, especially if you tend to use payment channels that come with a payment fee.
  • Potential to qualify for better terms: when applying for more money on an existing title loan, you may qualify for better terms.1 Better terms could include lower monthly payments, or even a better interest rate compared to your original loan.

How to Get More Money On an Existing Title Loan Serviced by LoanMart?

The application process to get more money on an existing title loan serviced by LoanMart is simple and quick. For existing customers, it’s best to either apply starting from within the LoanMart customer portal, or by calling a loan officer at 855-422-7412!

For existing customers looking to get an increase on their loan, the online car title loan application form is not the recommended route, since existing customers may qualify for additional options that aren’t available to new customers through the web application.1

If you are approved for more money on your existing loan, you just need a few basic documents to confirm your updated application information. Thousands of car title loan customers have already received an increase on their car title loans serviced by LoanMart.1

Here are the documents that are typically required for final approval:

    • Updated proof of identity, if the picture ID on file has expired
    • Updated vehicle pictures
    • Updated proof of income, if the income source has changed
    • Updated proof of address, if the address has changed