Frequently Asked Questions

A title loan can allow you to obtain a portion of your car’s available equity as loan proceeds by using the title as collateral. Once the loan is funded, the title lender will place a lien on your car’s title, but you can drive your car while repaying the loan.

Yes, it is free to apply for a car title loan. Why not get started right now? Apply online or give us a call at 855-422-7412.

The safety of your information is very important to LoanMart. It’s part of our mission. Here is what we do to protect your information:

1. Your information will not be stored on our web server computers.
2. To protect the transmission of your information, we use Secure Sockets Layer (SSL) encryption.
3. We always shred any papers we have with a customer’s information on them when we no longer need them.
4. We comply with all federal and state laws to protect your privacy.
5. See our Privacy Policy for details regarding the privacy of your information.

It depends on your state. Each state has a different process, and we can tell you more about it when you give us a call. Dealing with your state’s Department of Motor Vehicles (or its equivalent) can be confusing at times. Contact us at 855-422-7412 for assistance! We can walk you through the process of getting a duplicate title if the original title is no longer in your possession and you are the vehicle’s rightful owner.

Click the links below to view the entire notice and learn how to opt out of LoanMart solicitation letters:

• For California residents, click here to Download the California Notice
• If you are not a California resident, you can Download the Federal Notice instead

To apply for a title loan, you must be at least 18 years old, own a qualifying vehicle with equity, and be able to provide proof of your ability to repay the loan. You can use our title loan calculator to find out if your vehicle qualifies as collateral for a title loan.¹

Upon approval, you’ll be asked to provide the required documents to finalize your loan.¹ While these documents can slightly vary by state and applicant, they generally include: recent pictures of your vehicle and title, proof of your income and address, copy of a valid government-issued photo ID.

A clear title simply means that you are the owner of your car, truck or SUV, and you currently do not have a loan outstanding that is secured by your vehicle.

Yes, it’s possible to get a title loan even if you are still making payments on your car as long as it has a sufficient amount of equity.¹ If your vehicle is still being financed, you will need to complete a payoff authorization form so that your new title loan lender can pay off your existing lender.

No, you do not need a bank account to apply for a title loan. You will only need a bank account if you want your loan proceeds to be sent to your account via ACH or wire transfer. Otherwise, you don’t need to share bank account information with us or have a bank account at all.

Yes! Title loans are collateral-based loans, so your credit history is not the most important part of the application process, although it is a factor that is considered. Instead, the value of your vehicle and your ability to repay the loan will be primarily used to determine your eligibility for funding.¹

Yes. You must have a vehicle title in your name in order to get a title loan. If the title is not currently in your name, you can request a title transfer at your local Department of Motor Vehicles (DMV) or its equivalent, if you are the actual owner of the car. The applicable government agency that handles car titles varies by state.

It depends. The amount you can borrow through a title loan is mainly based on the value of your vehicle, your state of residence, and your ability to repay the loan. Typically, you can access up to 50% of your vehicle’s total value if you qualify for a car title loan.¹

Yes, with title loans serviced by LoanMart, you are allowed to have a co-borrower on your car title loan. Keep in mind that if you add a co-borrower, they will also have to provide some documents during the application.

You don’t need a traditional job to apply for a car title loan! As long as you have a source of income that allows you to make loan payments, you could qualify for a title loan online.¹ Examples of alternative incomes include SSI (Supplemental Security Income), retirement or pension income, or self-employment.

Yes! A car title loan could potentially be an option for people with unconventional sources of income. So even if you receive disability or retirement income, you can still apply for a title loan serviced by LoanMart!¹

To be eligible for a car title loan, you must have a qualifying amount of positive equity in your vehicle. Your vehicle will have positive equity if it currently has more market value than what you owe on your car loan. If you owe nothing, then the equity in your car is equal to the vehicle’s current market value. Your vehicle’s current value will also affect the amount you can receive through a title loan. Typically, you will be able to obtain anywhere from 25%-50% of the value of your car or truck.^{1 3}

The approval process for an auto title loan can be simple and straightforward. You will need to complete a simple, three-step process to obtain your emergency funding:¹

1. Apply Online or Over the Phone
2. Send a Few Documents to Verify Your Information
3. Collect Your Money¹

If you qualify for an auto title loan serviced by LoanMart, you could receive your funding in as little as 24 hours!^{1 3} Learn more about car title loan requirements for approval.

It depends. If you want to speed the application process along, it is important to gather all of the necessary documents in advance. It can take just a few minutes to fill out the initial loan request, and if you qualify, you could receive instant pre-approval! You could complete the entire loan process within a few hours or less, depending on your ability to provide the necessary documentation.^{1 3}

One of the most prominent advantages of a title loan serviced by LoanMart is that you can get money in as little as 24 hours if you qualify. Some qualified applicants can even receive funding the same day they apply!^{1 3}

You can contact a title loan agent from LoanMart by calling 855-422-7412. Additionally, you can email a representative at customersupport@800loanmart.com, or send a letter to P.O. Box 8075 Van Nuys, CA 91409.

There’s no need to visit the DMV when applying for a title loan, unless there is an issue with your vehicle title.

Not all title issues demand a visit to your local Department of Motor Vehicles. LoanMart can handle some issues internally without you having to go to the DMV. However, there are a few different scenarios that may require you to go to the DMV or third-party authorized DMV locations. For example, if you lost or misplaced your title, or if there are issues with the names on the title, you may need to visit the DMV.

Your credit and financial history are reviewed during your title loan application, but they are not the focus of the application process. The primary determining factors for eligibility are your vehicle’s value, verifiable income, and your ability to repay the title loan. As long as you meet the approval requirements for a title loan, you can still qualify for the funds you need, without good credit!¹

Yes, as long as you are able to provide proof of your current address and other necessary documentation, you can still apply for a title loan, even if your vehicle is registered in another state! In some states, LoanMart may be able to handle a portion of the registration process for you or help you with the title transfer process. In other states, you will however need to complete the registration before your loan can be finalized.¹

Please call us at 855-422-7412 today so we can discuss your available options.

If you have a smartphone, you can use the LoanMart Mobile App to submit your information. The app is just as safe as the website, and we do not store your information on our web server computers. LoanMart always encrypts data, which means your information is kept safe and secure.

Additionally, you can apply over the phone by calling 855-422-7412. If you do not have an SSN, find out more about applying without a SSN.

Yes, you can use your title loan funds however you’d like! Whether it’s covering an emergency expense or catching up on an overdue payment, you can use your loan proceeds for any personal or household expenses.¹

Here are a few examples of how many of our customers have used their title loan money:

• Pay for Overdue Bills
• Consolidate Your Debt
• Cover Urgent Medical Expenses
• Pay for Rent

Once your loan is completely paid off, the lien will be removed from your title and sent back to you. You can apply for a car title loan as soon as you have your car title back! Apply online or call us at 855-422-7412if you want to prequalify for another title loan.¹

Yes! It is possible to receive an increase on your title loan. Call 855-422-7412 to learn more about the requirements and find out if you’re eligible to take out more money. Typically, to qualify for an increase on your title loan, your loan must be in good standing, and you must have a consistent history of paying your loan on time.¹

With a car title loan serviced by LoanMart, you can choose between several different ways to make payments:

• Set Up Automatic Payments from a Checking Account
• Pay via Phone
• Pay Online Through the “Customer Login” Tab
• Visit a Participating Money Transfer Location Nearby to Pay in Person

Borrowers are encouraged to take advantage of these convenient payment methods and pay off their title loan quickly.

Your contract (Promissory Note and Security Agreement) will clearly state your first due date. The first payment is typically due one month after you signed your loan contract and every thirty days after that date until you repay the loan in full.

Yes! We want to keep you updated on your payments, so we will send you a monthly billing statement. The statement will include your account information, payment history, billing information, and any other messages. Borrowers can choose between receiving statements electronically or in paper form.

Title loans serviced by LoanMart typically range from 12 to 36 months, but some can go up to 48 months. Unlike some of our competitors, title loans serviced by LoanMart never penalize you for paying extra or paying back your loan early.⁵

Never. Unlike other title loan options, you won’t be penalized for paying a car title loan serviced by LoanMart early. In fact, you’re encouraged to repay your title loan early if you can afford it!⁵

If you don’t pay your title loan on time, you will be contacted by our collections department. If you don’t handle your payments and end up defaulting on your title loan, your vehicle could be repossessed. However, vehicle repossession is the last thing we want to happen to you. Financial hardship can happen to anyone, and it’s understandable if you can’t make a payment on time. If you’re ever in that situation, please contact us before your due date. Please call 888-700-2239 if you’re having trouble paying for your auto title loan.

No. Car title loans serviced by LoanMart do not require the installation of a GPS device, GPS tracker or starter interrupt device.

Yes! As long as you make your monthly payments on time, you can continue to drive your car throughout the repayment period.

After your loan is funded, a lien is placed on the title to your car or truck. Once you have paid off your loan, LoanMart will remove the applicable lien within the legally required timeline, which varies by state. Thereafter, in most states, the respective government agency (DMV or its equivalent) will mail the title to you directly. Learn more about specific timelines for lien release and the title return process.