Title Loans Serviced by LoanMart in Tennessee

Tennessee is a state that is known by tourists as the heart of country music. Everything from the delicious food, historical churches, and stunning natural wonders are beloved by both residents and tourists alike.

Locals who live in this state know that one of the most unique aspects of living in Tennessee is the strong sense of community. Whether this can be attributed to the Southern location and the traditional hospitality that comes with it, or the individual residents that go out of their way to show amiability—people who live here know that they can depend on each other when times get tough.

Help may be easy to ask for when it comes to minimal things but asking for help can get a little bit more complicated with finances. Even with a large community base, a resident may have to look outward when it comes to obtaining financial assistance. When looking for some extra funding in Tennessee, turn to Title Loans serviced by LoanMart.

What is a Title Loan?

A title loan serviced by LoanMart is a specialized kind of title loan. Like other title loans, funding can be fast and easy, once a person qualifies for one. And similar to other title loans, a title loan serviced by LoanMart is secured using the equity of the applicant’s vehicle.

But title loans serviced by LoanMart have a few unique innovative features that make them a better deal than a standard title loan.

How to Get a Title Loan Serviced by LoanMart in Tennessee?

Getting the title loan process started in Tennessee is fairly simple, it just involves three easy steps:

1. Inquire About a Title Loan

Applying for a title loan serviced by LoanMart can be done online through an application, over the phone. The process will only take a few minutes and you will be asked for some basic information about yourself, your finances, and the vehicle that will be involved3.

2. Talk to a Loan Agent About Eligibility

Once the application is filled out and sent, you’ll know almost instantly whether you are approved or not. If approved, a loan agent will give you a quote and more loan information. If you feel comfortable moving forward with the process, some documents will be requested.

3. Get Funding

Once the documents are sent in and verified by the loan agent, a loan contract will be made up. You will then need to go ahead and review the terms of the loan. If the lender looks like a good fit and the terms are satisfactory, go ahead and sign up to get the funding!

Not sure about the steps in the title loan process in Tennessee? No problem! Reach out to a knowledgeable loan agent by calling toll-free at 1 (844) 237-5530.

What’s the Service Like with Title Loans Serviced by LoanMart in Tennessee?

Title loans serviced by LoanMart are unlike regular title loans, as many more perks are provided for eligible customers.

Here are some of the ways title loans serviced by LoanMart provide unmatched service:

Exceptional Customer Service

Providing excellent customer service is at the forefront of how business is conducted. LoanMart goes the extra mile to make finances transparent, simple, and accessible to many.

  • Help with Every Step - Loan agents are happy to give you a hand at any time during the title loan process. Whether you are just inquiring or in the process of paying back the loan, borrowers receive personalized assistance and genuine connection.

Security all the Time

With title loans serviced by LoanMart, a customer’s personal information is kept private and safe. Encrypted servers are used for online inquiries.

For Whom Do Title Loans Work Best for?

Title loans serviced by LoanMart were designed to make funding available for a variety of applicants—even those without a job1.

Here a few situations that title loans serviced by LoanMart work best for:

Poor Credit History or No Credit History

Unlike a lot of other loans out there, title loans serviced by LoanMart have eligibility that doesn’t heavily depend on credit history. For this reason, this type of funding is a great choice to start with for people who have less than perfect credit or no credit history at all1.

Need Funding That is Quick

The title loan process takes a few short minutes to complete, and in some cases, funding could be made available the next business day1.

Need Funding That is Easy

For title loans serviced by LoanMart, the process is extremely simple, as it just involves three simple steps. Additionally, any loan agent would be happy to assist, whenever you may need help.

Those Who Don’t Want to Involve Larger Assets

There are all kinds of assets that can be used for collateral for a loan. However, assets like a home or jewelry can have practical or sentimental value, which many don’t feel comfortable taking a risk with. On the other hand, a car may seem like a better asset to involve with the collateral process.

For Those Who Need More Funding

Because title loan value is largely dependent on the value of the car, title loan funding could be several hundred or even thousands of dollars1.

An Emergency that Comes Up

Because of how quick funding could be made available with a title loan serviced by LoanMart, these loans may be a perfect way to make ends meet when an emergency occurs.

A Funding Process That Can Be Started Online

For many people, the convenience of doing things online is unmatched by anything else. With title loans serviced by LoanMart, the entire loan process can be conducted online, and funding can be picked up in person!

What Documents Do I Need for a Title Loan?

In order to get a title loan serviced by LoanMart in Tennessee, an applicant will need to have the following documents:

  • A valid photo ID (driver’s license, passport, or state ID)
  • The vehicle’s title in your name
  • Proof of income (paystubs or bank statements)
  • Proof of residence (mail, lease/mortgage info.)
  • Four references
  • Photos of the car (all 4 sides)
  • Other documents may be requested for clarification of information.

What Kinds of Cars Can Be Used for a Title Loan?

The great thing about title loans serviced by LoanMart is that all kinds of cars can be used as an asset for the loan if they’re deemed eligible.

Along with a standard car, here are a few examples of the various kinds of vehicles that can be used:

  • Classic Cars
  • Motorcycles
  • Trucks
  • SUV

An important thing to remember is that the vehicle has to be in safe, working condition. When it comes to the car's title, LoanMart may be able to work with a lien on a title if it is registered in Tennessee.

Do I Need to Have a Vehicle Inspection on My Car?

With most cases, photos of the car will suffice when inspecting the value of the vehicle. This can be sent to a loan agent online or through a smartphone.

Is the Interest in Title Loans Serviced by LoanMart High?

The interest that is associated with a loan will be very important to pay attention to. This is because it will be the most expensive cost that is associated with any kind of borrowing.

The interest rate with almost every loan will depend on the risk that the lender is getting themselves into. Title loans are considered high-risk loans, and so their interest rates will vary greatly.

With title loans serviced by LoanMart, interest rates are kept extremely competitive for the borrower’s benefit.

Will Having Low Credit Impact Eligibility with Title Loans Serviced by LoanMart?

With title loans serviced by LoanMart, having low credit may not be a huge factor with eligibility1.

Instead of focusing solely on credit history, eligibility for title loans serviced by LoanMart will depend on:

The Value of the Vehicle

Because of the large role that a vehicle plays with a title loan, the value of it will largely impact eligibility. To figure out the value of a vehicle, LoanMart will consider the make, model, year, and mileage.

The Applicant's Income

Income is another huge factor that will be considered when determining eligibility for a title. During the loan process, a loan agent will take into consideration an applicant’s income—both monthly and annual—when figuring out what they can afford to pay back each month.

The Applicant’s Ability to Repay

An applicant’s ability to repay the loan will include their income, expenses, and the amount of existing debt they have. This information will help title loans serviced by LoanMart create personalized loan terms.

Will There Be a Credit Check with Title Loans Serviced by LoanMart?

With a loan inquiry, there is going to be a hard credit check. A credit check is done because it helps a loan agent determine an individual's ability to repay the loan.

Will There Be Any Fees When Applying for a Title Loan Serviced by LoanMart in Tennessee?

When inquiring for a title loan serviced by LoanMart, there are no fees involved.5 All that is needed is information about you, your vehicle, and your funding needs.

What Will Repayment with Title Loans Serviced by LoanMart Generally Look Like?

Title loan repayment terms are going to vary from one loan to another. Repayment terms can be as long as 3 years—providing borrowers with convenient repayment1. This is a huge perk from the standard title loan repayment period of one year.

With title loans serviced by LoanMart, expect to keep more money in your pocket. Customers who continuously make on time payments may receive the benefit of low monthly payments that get lower every month2.

On top of all this, title loans serviced by LoanMart make it easy for borrowers to make their monthly payments.

Borrowers can choose to pay:

  • Over the Phone
  • By Mail
  • Electronic Payments Online
  • In-Person at a MoneyGram

Can I Pay Off a Title Loan Early?

Another way that these loans offer unmatched flexibility is through the borrower’s ability to pay off the loan early if they choose to do so—without any penalties.5 In fact, all borrowers are encouraged to pay off their title loan as soon as possible to avoid finance charges. This could mean having to avoid interest and saving a good amount of money when borrowing funding.

What Can Funding from a Title Loan Be Used For?

large house photo

One of the most unique aspects of title loans serviced by LoanMart is that funding can be used for a wide variety of reasons. That is one factor that draws people to choose title loans serviced by LoanMart.

Here are a few common reasons why people look to a title loan for funding:

  • Funeral Expenses
  • Paying for Rent or a Mortgage
  • Medical Expenses
  • Veterinary Expenses
  • Natural Disaster Recovery
  • Home Repairs/Remodeling
  • Moving Expenses

Can a Title Loan Serviced by LoanMart be Refinanced While Paying the Loan Back?

Have you taken out a title loan serviced by LoanMart and now find that the terms aren’t a great fit because financial circumstances have changed? Worry not, as terms are flexible and may be adjusted to reflect your new financial situation!

Refinancing an existing title loan is an option to consider, especially if that keeps you from defaulting. A loan agent can be reached about this question via phone or email.

Here are a few examples of terms that could be adjusted:

  • The length of repayment
  • The monthly minimum payment amount
  • The due date for monthly payments

How to Be Safe When Looking for Title Loans Online?

When doing anything online, especially making financial decisions, there are a few steps to take that will help keep you safe.

This is important because your personal information could be at risk online. With access to this information, thieves could potentially steal your hard-earned money, or even your identity!

Here are a few ways to be safe when looking for lending online:

  • Always do research on a lender before giving them any of your information.
  • When giving out information online, make sure the website is encrypted.
  • Never reply to a random email or phone call that asks for information.
  • Do some research on loan laws regarding your state.

Here are a few red flags to look out for:

What If I Change My Mind on a Title Loan Serviced by LoanMart?

Sometimes when learning a little more about a loan, you may not feel as if it is right for you. With title loans serviced by LoanMart, an applicant can back out of the loan process at any step of the inquiry process, even after filling out an application, or sending in documents.4

Where Can I Get Title Loans Serviced by LoanMart in Tennessee?

For many people, traveling far to get funding can feel like a chore. That’s why LoanMart can make things a little bit easier for borrowers.

You can head over to any local MoneyGram location in Tennessee to get your approved funding for title loans serviced by LoanMart! These locations are spread all around the state of Tennessee. So no matter what part of Tennessee you live in, it is very likely that there will be a few locations close to your area of residence.

Here are the details of the various MoneyGram locations available in Tennessee: