Understanding What a Title Loan Serviced by LoanMart Is
A title loan serviced by LoanMart is a unique type of loan that’s been created to help people in times of financial need. And as such, this loan is quite easy to acquire for many individuals of varying financial backgrounds1.
To be approved for a title loan serviced by LoanMart, a person will be required to use their vehicle’s title as collateral. Using a vehicle’s title as collateral means that nearly anyone can be approved – even those with bad credit or no credit1.
Applying for a title loan serviced by LoanMart is rather easy too, as a person can fill out an application online and complete the process in minutes³. And while an eligible person is usually funded within 24 hours, it’s also possible that a person could be funded the same day they apply1!
When a person chooses this type of loan, they are still able to keep their vehicle while making monthly payments!
The Advantages of a Title Loan Serviced by LoanMart in Lakeland
There is no denying that title loans serviced by LoanMart are easy to obtain, but there are also other advantages this loan offers as well, like:
Low Monthly Payments¹
Unlike other loans that can sometimes have large monthly payments, title loans serviced by LoanMart have low, affordable monthly payments instead. And those monthly payments could continue to get lower each month if a borrower continuously makes their payments on time¹.
So by the time a borrower makes their final title loan payment, they could be paying half of what their first payment was¹.
Longer Loan Terms
Terms for standard title loans are typically quite short and usually only extend to about 30 days. However, title loans serviced by LoanMart terms are much longer, potentially extending up to 3 years¹.
Borrowing More Funds
When a person takes out a loan, they often find that they are unable to borrow more funds until their first loan is paid off. However, with a title loan serviced by LoanMart, an eligible customer could borrow more funds at the lowered rate they’ve received thus far1,.
No Hidden Fees5
One of the biggest annoyances that people can sometimes run into when borrowing money from lenders is hidden fees. Hidden fees can take many different forms, like balloon payments and pre-payment penalties. Each of these types of hidden fees can make repaying a loan more expensive.
But title loans serviced by LoanMart are designed to help people, that’s why there are no hidden fees5. So the only money a person needs to pay is their regular monthly payment when payments are made on time.
Acquiring Funds at Your Local MoneyGram in Lakeland, Tennessee¹
After a person has been approved, they have the ability to visit their nearest MoneyGram to receive their funds.As a resident of Lakeland, Tennessee, you have quite a few MoneyGram locations in your area. To help you find these locations, a map and a list of several store addresses are provided below.