The Best Title Loan in San Diego: A How-To Guide
San Diego is a beautiful and historical city. The “birthplace of California,” is the eighth-largest city in the world. This bustling metropolis is conveniently located near Los Angeles, Mexico, and various pristine beaches. San Diego is home to millions of people from various backgrounds and cultures, and they all may have the ability to receive the monetary funds they need with a car title loan from LoanMart1.
If you find yourself in the midst of financial chaos, it’s understandable to feel completely overwhelmed. But don’t worry, LoanMart may be able to help you get the emergency money you need¹. With a car title loan, you can stress less and take back control of your finances.
What is a Car Title Loan?
A car title loan may seem confusing, but it’s relatively simple to understand once you get the gist of it. This type of loan simply allows borrowers the ability to receive the money they need and keep driving their car while they pay off the loan.
With a car title loan, the car’s title is given to LoanMart and is used as collateral to secure the loan. This type of funding typically allows lenders the ability to offer greater incentives to borrowers such as higher loan amounts¹!
As long as borrowers are able to keep making their monthly payments, they can keep the keys to their vehicle. But if this type of loan worries you, don’t be nervous. LoanMart is a reputable lender that aims for satisfaction. Repossession is reserved as a last resort, when all other options have been exhausted.
Applying for a car title loan from LoanMart is quick and easy. LoanMart knows that unexpected bills can pop up out of nowhere, and people aren’t always going to be prepared. That’s why they’ve made inquiring as simple as possible.
Getting a Car Title Loan: 3 Step Process
LoanMart has made the process of applying for a car title loan quick and easy. They know your time is important to you, and that you may need that emergency cash now. With LoanMart, you may be able to get the money you need in as little as one business day³!
Applying for a car title loan can be done in 3 simple steps. Here’s how:
To begin taking back control of your finances you will need to begin on the LoanMart website or by calling 1-844-237-5530. You will be asked to fill out a short questionnaire with basic information about yourself and your vehicle.
After inquiring, you will know right away if you are approved for a car title loan! Upon approval, a title loan agent will contact you with a quote. If you decide to proceed, LoanMart will request you send in some documents. You will need the qualifying car title with your name on it, a government issued photo ID, proof of residence, and some good-looking photos of your sweet ride.
3. Receiving Your Money!
After getting approved and sending in your documents, you will have the option to choose how you would like to receive your money. You may receive your emergency money through check, direct deposit, or money transfer. Easy peasy!
Should you have any questions or concerns during the process, do not hesitate to call the customer service line: 1-844-237-5530. We’d love to help you!
Why Choose LoanMart?
LoanMart is a reputable loan company with humble roots. LoanMart began as a simple neighborhood shop located in Sherman Oaks, California. They soon expanded and began offering car title loans through 800loanmart since 2002.
LoanMart is a large company albeit nontraditional. LoanMart is able to make their process flexible and more accessible when compared to other lenders. Every individual customer is given great care and loan terms that fit their unique situation¹.
With over 150,000 satisfied customers² and counting, borrowers are quickly learning that LoanMart is everything promised and more.
LoanMart is a first-rate lender that has long endeavored to change people’s perceptions of loan companies.
- 3-Part Mission
- Our Customer Service mission means working closely with borrowers and striving for excellence. The customer is the most important factor in all of this, and your needs will always come first.
- Our Education mission means providing accurate information so that the borrower understands the financial decision they are making. We want to make sure you are confident in your decision and well informed on everything.
- Our Security mission means keeping your personal information secure. Your trust means everything to us.
Every company is different and they all have their own set of values. At LoanMart we aim for transparency and connection. Our values are:
- LoanMart is a financially responsible organization that strives to provide the same level of support and service for every individual customer
- Remain a positive influence on the communities we work in
- Maintain ethical business practices so that we can continue to be one of the most reliable title loan company
- Make sure to work closely with customers so that repossession is the last possible option
- Our commitment to our customers is matched only by our dedication to our employees
LoanMart offers exceptional benefits to borrowers, such as competitive interest rates. We use comprehensive market analysis to determine the most competitive interest rates. But don’t take our word for it, apply and see the LoanMart difference for yourself. Your quote is always free.
Reviews are always a good reference when making important decisions, such as getting a new tattoo, booking a venue for a special event, or inquiring for a car title loan. That’s why LoanMart has compiled a testimonial page to make your title loan decision easier.
The testimonial page features personal stories sent to us by real customers. Go ahead and read through them and see why LoanMart is the preferable choice among lenders.
Some of the top comments people have said about LoanMart car title loans are:
“This loan played a huge part in saving me and my family from a disaster.”
- Rigoberto H
“This meant everything to me during my tough family time.”
– Diane W
“The experience was easy, informative, and good overall.”
– R. Mejia
“The application process was easy, and I was pleased with how quickly I was able to receive the loan.”
“The process was really easy and quick!”
– J. Rios
“I was in a serious financial crunch and 1800LoanMart made the difference in keeping my house.”
These are but a few of the comments made by our over 150,000 satisfied customers². LoanMart works hard on behalf of its borrowers. We want to make sure that you are taken care of from the inquiry process, to the last payment. LoanMart is available for you even after you’ve paid off your car title loan. If you need help with any other loans or even another title loan, we’ll be here for you¹.
Are Car Title Loans Worth It?
Car title loans can offer less risk for lenders because of the car title being used as collateral. This type of insurance ensures that loan companies receive their money back. This means LoanMart is able to offer larger loan amounts, flexible payment periods (ranging anywhere from a few months to a few years), and affordable interest rates¹.
Depending on your vehicle and qualification, you could receive up to $30,000 with a car title loan from LoanMart¹!
Car title loans are an alternative loan for people that desire high loan values but don’t own any other forms of collateral, such as a house. Overall, more people own cars than they own houses, so a car title loan can be the best choice for them.
Car title loans may also be a great choice for individuals with low credit. A car title loan can offer less risk for lenders, while other types of loans require a credit check due to the potential higher risk for lenders. But with secured loans such as car title loans, there may be a higher rate of approval¹.
What Can I Use the Money For?
With a car title loan, you can pay for emergency expenses that have you stressing out¹. Car title loans allow borrowers to receive the emergency money they need quickly³. Borrowers have used their money for the following reasons:
- Overdue bills (house, school, etc.)
- Medical expenses
- Funeral costs
- Veterinary costs
- Legal fees and costs
No matter what you need the emergency money for, LoanMart works hard to provide you with the monetary funds you need so you can stress less and get back on track¹.
How Can I Repay My Loan?
Look at you! Already contemplating repayment, you’re a top notch borrower¹. Repaying your LoanMart car title loan can be easy. LoanMart offers several monthly options for repaying a loan, pick the one that is the most convenient for you.
LoanMart sends borrowers monthly billing statements. These are important because on them you will find your monthly billing amount and the due date, payment history, payment methods, any important messages, and basic account information.
To pay back your LoanMart car title loan, pick one of the following:
- Visit a payment location
- Pay by phone with a credit card, debit card, or a check (fees may apply)
- Pay through the mobile app
- Set up automatic electronic payments from a checking account
- Pay online using the MyAccount tab through the Customer log-in
- Mail payments to the lockerbox center
There are several repayment options as you can see from the list above. LoanMart aims to make repaying convenient and easy for borrowers. We know that some people may prefer human interaction, while others may loathe it. Either way, we’re happy to serve you!
What if I’m Struggling to Repay?
Don’t panic! At LoanMart we understand that dealing with finances is tough. That’s why we offer several resources and options for you throughout the repayment process.
- Title Loan Cancellation — LoanMart allows borrowers up to 5 days to cancel their title loan4. No matter the reason, if you decide against keeping your loan, that’s completely fine! Simply send a written letter to LoanMart by midnight of the sixth day from signing, and return the money in full within one business day of the letter.
- Customer Service — LoanMart’s hardworking customer service team is available to our customers for whatever issue or concern they have. If you’re struggling with your monthly payments, talk to an agent. We may be able to get you a new payment plan with lower monthly costs.
If you feel you are having trouble paying back your loan, don’t wait to reach out to us. We’re here to help you without judgement. Never be afraid to ask for help! At LoanMart, we understand that financial circumstances are precarious and constantly changing. Let us help you get back on track with our excellent and compassionate customer service¹.
Default and Repossessions
If you have a car title loan, and find yourself unable to make any more payments, the first thing you should do is talk to your LoanMart car title loan representative about it. We may be able to get you set up with a new payment plan and new payment terms.
If you don’t talk to your LoanMart representative, and discontinue making your monthly payments, you will default on your loan. Default means failure to repay a loan according to the terms agreed upon in your contract. If this happens, your car may be repossessed.
If you default on your loan, a lender is permitted to seize the vehicle at any time and without notice depending on the state. The car will be taken to a tow site. After it is repossessed, and you still aren’t making payments on your car title loan, then LoanMart may have to auction off your vehicle.
At the auction, the amount the car is sold for will affect the outcome of the car title loan. If the car is sold for more than the balance of the title loan, you may be able to receive the excess money. However, if the car is sold for less than the balance of the car title loan, you may be responsible for paying the difference.
But we don’t want your car! LoanMart would much rather help you out of your stressful financial crisis than add to it! The last thing we want is for you to have your car repossessed.
The number of missed payments leading to default vary by state. Contracts will usually say when missed payments are considered defaulting, and how long borrowers have to contact their lender.
But don’t worry, LoanMart works hard to stay in contact with you and let you know when you’ve missed a payment. So don’t ignore us! We’re simply trying to help you throughout your repayment process.
To learn more about the meaning of defaulting on a loan, or to read about the repossession process, click here.
Can I Refinance with a Title Loan?
YES! It is possible for borrowers with an existing loan or other financial obligation to refinance a loan with LoanMart¹.
Refinancing occurs when borrowers realize their title loan monthly payments are too high for them. Refinancing may allow borrowers the ability to readjust the interest rate of their loan in order to receive a lower monthly payment.
When refinancing, the new lender will pay off your existing loan and set you up with a new title loan under their own terms. LoanMart may be able to offer borrowers better rates¹.
Refinancing a title loan is like inquiring for a new one, the process is the same.
- Apply online or over the phone
- Submit your documents and let your representative know you are refinancing
- Establish your account and begin making payments under the new terms
If you already have a car title loan with LoanMart and think your monthly payments are too high, contact a LoanMart agent as soon as possible. Allow us the opportunity to help you so that your monthly payments aren’t stress inducing. After all, at LoanMart we strive to make financing easier for you, not harder.
What If I Have Low Credit?
If you find yourself stressing about obtaining a loan because you have low credit, do not worry. There are still options available to you. Below are a couple loan alternatives available to potential borrowers and why LoanMart is the superior choice among them.
- Payday loans offer borrowers an average of $350 per loan. They have short terms (1-2 weeks) combined withhigh interest rates. After about a week, the loan amount and the interest accrued will have to be paid back in a single large payment. This means that your next paycheck will most likely have to cover the entirety of it. If youdon’t make your payment, the loan gets rolled over with more interest. The horrible terms of this loan speak for themselves.
- Bad Credit personal loans are different from car title loans. Bad credit loans are unsecured loans, meaning there is no collateral so the risk is higher for lenders. Repayment terms for this type of loan can last for months. Interest rates for these type of loans will be very high for borrowers with low credit scores. Lenders may claim to offer loans despite low credit, but applicants may be denied anyway.
- Car title loans can be the superior option for borrowers with low credit. The car title serves as collateral allowing loans to be secured and low risk for lenders. This means longer repayment plans and affordable interest rates because the lender is guaranteed their money back. Credit isn’t a factor in car title loans because your car and proof of income serve as proof of repayment.
At LoanMart we want you to keep your car. Some lenders require borrowers to leave their car in their possession, but at LoanMart we want you to continue living your normal life without having to worry about transportation. We are a reliable loan company who is compassionate and understanding.
To be completely transparent, you may be eligible for a car title loan despite low credit. But know that we do require a credit check. and will check your credit during the lending process. But don’t be discouraged. We have helped borrowers with low credit in the past, and intend to continue helping eligible inquirers.
Don’t let your low credit prevent you from inquiring about a car title loan. Getting the funds you need with a car title loan from LoanMart could be your answer. Read more about how LoanMart works differently than other lenders and the options available to you click here.
Title Loan Stores in San Diego
LoanMart makes it easy to inquire about a car title loan and upon eligibility, easy to receive the money you need. There are several participating title loan stores located in San Diego.
Originating in California, LoanMart is easily available to Californians when they need emergency funds to cover those unforeseen, and frankly, shocking bills1.
LoanMart works in partnership with Continental Currency Services, Inc., ACE Cash Express, Inc., Payday Money Centers, SAG Financial, LLC, and USA Checks Cashed.
Apply for a car title loan from LoanMart at any of the participating stores listed here when you want exceptional service and reasonable terms and interest rates. You may be able to get the money you need in as little as one business day3!
We’ve been in the car title loan business since 2002 and have been dedicated to providing people like you with the emergency money they need1. Don’t let your finances dictate your life. Allow LoanMart to help you out of this temporary financial slump1.
CLICK HERE to get started on your LoanMart title loan right now!