Texas Title Loans
In Texas, just like any other state, residents might run into some unexpected financial emergencies that require funding right away. This is where a Title Loan serviced by LoanMart could come in handy.
What is a Texas Title Loan Serviced by LoanMart?
A Texas title loan is a type of title loan that was created to be as helpful and accessible to as many different people as possible. Eligible Texas borrowers are able to use the equity in their vehicle to gain access to the funds they need by offering up their vehicle title as collateral.
How You Can Get a Title Loan in Texas
The process of acquiring a title loan serviced by LoanMart in Texas is actually pretty quick, simple, and easy. In fact, you could be done with the inquiry process in just a few minutes3. This can be largely attributed to the way in which these special loans are designed.
Here are the three quick, easy, and convenient steps you need to take to apply for a title loan serviced by LoanMart in Texas:
To get the ball rolling toward receiving funding with a title loan serviced by LoanMart, you will need to fill out a short, easy application. This form will ask you to provide some basic information about yourself and the vehicle you would like to use for the loan.
2. Find Out About Your Eligibility
After you have filled out and sent in the application, you will find out almost immediately whether or not you are approved. If you have been approved, a loan agent will shortly be in contact with you. From there, they will discuss the amount of money you are eligible for with a title loan serviced by LoanMart.1
If you decide that going forward with a title loan serviced by LoanMart is what you want to do, then you will be required to send in documents verifying your identity, your vehicle details, and your current financial situation.
3. Get Your Funds
After you have sent in the necessary documents and everything seems to be in order, you can then decide how you would like to go about obtaining your funds. This can happen through an in-person pickup, direct deposit into your bank account, or through a mailed check.
If at any point you become puzzled about any of the steps in this process or have any questions to ask, a loan agent could help you out. You can talk to a knowledgeable and helpful loan agent by calling toll-free at 1 (844) 237-5530.
Useful Information on Title Loans Serviced by LoanMart in the State of Texas
If you are unsure about whether a title loan serviced by LoanMart is the right decision for you, that is understandable. It is best that you have all the information you need to make an educated choice first.
To help Texas residents in the decision-making process, here is more information on how to apply for a great reduced rate loan, as well as the answers to many frequently asked questions:
- Why You Should Go with a Title Loan for Your Funding Needs in Texas
- Title Loans Serviced by LoanMart Are One of the Best Options for Funding in Texas
- What Makes Title Loans Serviced by LoanMart Better Than Other Title Loans?
- Is My Credit a Significant Part of the Equation for Approval?
- Will I Be Able to Keep Driving My Car with a Title Loan Serviced by LoanMart?
- How to Earn the Benefits of a Title Loan?
- How Can I Use the Funds from a Title Loan?
- Will My Information Remain Private When I Apply for a Title Loan?
- How Does Repayment with Title Loans Serviced by LoanMart Work?
- What Will Happen if I Struggle to Pay Back My Title Loan?
- What Will Happen if I Default on a Title Loan?
- How Do I Regain My Title?
Why You Should Go with a Title Loan Serviced by LoanMart for Your Funding Needs in Texas
The list of reasons for choosing a title loan serviced by LoanMart for your funding needs in Texas is seemingly endless, but here are some of the best ones:
- 100% Transparency and Honesty Throughout the Process
- The Inquiry Process is Quick, Simple, and Convenient1
- Interest Payments That Are Competitive
- Outstanding Customer Service
- Years of Experience and Knowledge in Industry2
What Makes Title Loans Serviced by LoanMart Better Than Other Title Loans?
Title Loans Serviced by LoanMart are Flexible
The terms with a title loan serviced by LoanMart are made to have flexibility that is nearly unmatched by any other loan option.1 When choosing a title loan serviced by LoanMart in Texas, you can expect flexibility from the application to repayment.
Title Loans Serviced by LoanMart Are Very Accessible
Title loans serviced by LoanMart are special in that they were created to help serve as many people as possible. Because of this, title loans serviced by LoanMart could be provided to people with all kinds of backgrounds and credit histories.
Furthermore, there is a much wider variety of vehicle types that are accepted with a title loan serviced by LoanMart. Eligibility could even include models of cars that are classic or antique.
You May Be Able to Get Something in Return for Borrowing
More often than not, getting a loan can seem like a single-sided deal. You borrow money, plus interest. However, title loans serviced by LoanMart are made to work differently.
For those who continuously make steady, timely payments each and every month, there is the chance to earn huge rewards in the form of low monthly payments that could only get lower each month2!
Is My Credit a Significant Part of the Equation for Approval?
Oftentimes loans will use a potential borrower’s credit as one of the key factors that goes into determining whether they will be deemed eligible for a loan. However, this is not the case with title loans serviced by LoanMart. Even those with bad or no credit could still be approved for a one of a kind title loan serviced by LoanMart.1
The reason for this is because the vehicle being offered would be the asset involved in the loan.
Though a credit check is done during the inquiry process, it is to make sure that you are not currently going through bankruptcy or credit counseling, as well as to check for any past bankruptcy.
That being said, here are a couple major things that go into determining whether or not a Texas resident will be approved for a title loan serviced by LoanMart:
Your Ability to Repay a Loan
One of the main determining factors that will be considered over your credit score is your current ability to pay back a loan. This includes income you get from a job or other sources that provide reliable and consistent income.
You need to be able to show that you will have no problem repaying what you owe on time each month. Fortunately, there are all sorts of income variations that could be deemed eligible for a title loan serviced by LoanMart in Texas!
Furthermore, your monthly bills, expenses, and the amount of debt you have taken on are considered as well. This is to get a comprehensive overall look at someone’s financial situation.
The Value of Your Vehicle
One of the most important factors in determining a Texas borrower’s eligibility for a title loan serviced by LoanMart is the amount of equity in the vehicle. This can be determined with appraisals of the vehicle and will also be a large determining factor in deciding how much the loan would be for if you are eligible.
Will I Be Able to Keep Driving My Car with a Title Loan Serviced by LoanMart?
You absolutely can! When you take out a title loan serviced by LoanMart, you can keep driving your vehicle while you make convenient monthly payments!
The reason is because the car title will have a lien placed on it. A lien is added onto a vehicle’s title when there is an additional owner involved. The lien is then removed once the loan is fully paid back.
How to Earn the Benefits of a Title Loan Serviced by LoanMart?
There are some absolutely fantastic rewards that Texas residents could be able to take advantage of when they choose a title loan serviced by LoanMart.
These rewards could include:
- The opportunity to borrow more money with a decreased interest rate1
- Low monthly payments that could get lower each month2
In order for a Texas resident to qualify for the aforementioned rewards, they must have an excellent history of repayment.
The following details are considered by a title loan serviced by LoanMart agent when they are determining reward eligibility:
- The title loan cannot have made it to its original maturity date
- The loan in question cannot have been modified
- The loan has always been less than 90 days past the given due date
- The vehicle with the title loan cannot have been repossessed
How Can I Use the Funds from a Title Loan Serviced by LoanMart?
One of the greatest attractions of a title loan serviced by LoanMart for Texas residents is that they can be used for just about any financial emergency.
Title loans could be used to:
- Pay your rent (current or past due)
- Cover medical expenses
- Help with the expenses of a funeral
- Obtain debt relief
- Repair and maintain for your vehicle
- Pay legal expenses
- Make your mortgage payment on time
- Pay the veterinarian bill
- Cover repair costs for your home
Will My Information Remain Private When I Apply for a Title Loan?
Giving out personal information can seem a bit daunting and risky, especially when it involves your finances. This concern is completely understandable.
With title loan serviced by LoanMart, Texas residents can rest easy knowing that there is an abundance of safety measures taken in order to ensure the security and privacy of any sensitive personal information.
The Importance of Considering Security When Applying for a Loan
Each and every loan is different when it comes to the security precautions that they take. Some may not offer the strongest protection for you. There could be some seriously adverse consequences if your personal information gets into the wrong hands.
The following could happen if someone with less than honorable intentions does manage to get ahold of your personal information:
Identity Theft is a Possibility
Identity theft has ruined several lives in recent years. Identity theft occurs when someone’s personal information is stolen in order to access money from the unfortunate victim of the crime.
Once this happens, it can have several long-term negative effects on the victim. New credit accounts could be opened, loss of funds from bank accounts, assets can be stolen, among many other fraudulent activities.
As a result, identity theft could cause serious long-term damage to someone’s good financial standing.
Your Credit Could Get Ruined
If your financial information is stolen from you, more often than not your credit will be negatively impacted due to the thief using your information to acquire money.
This can often be rectified by fixing or amending a credit report. However, it takes a lot of time and work to do so.
Texas customers can rest assured that when they work with title loan serviced by LoanMart, their personal information is treated with the utmost care and protection. There are a wide variety of security measures taken to ensure no one gets ahold of your personal information.
How Does Repayment with Title Loans Serviced by LoanMart Work?
Another important thing to know when dealing with a title loan serviced by LoanMart is how repayment will work. Repayment with title loan serviced by LoanMart is as easy as any other part of the process for Texas residents.
There are a wide variety of ways that you can go about making your title loan payments each month, which include methods such as:
- Paying through the phone
- Mailing your payment
- Paying online through electronic payments
- Paying in person at a MoneyGram location
The minimum amount you will be required to pay each month will be dependent on the value of your loan and the interest (which varies from borrower to borrower). Each payment will be due on the same day each month.
The repayment period can last as long as 3 years, which gives customers adequate time to stretch out their payments—if they wish to do so.
Another thing to keep in mind is that with title loan serviced by LoanMart, paying early is an option.5
What Happens if You Default on a Title Loan Serviced by LoanMart?
Defaulting on a loan means that the person who borrowed the money is unable to repay the loan and will continue to be unable to do so for the foreseeable future.
Naturally, you might be uneasy and wondering what might happen if you default on a title loan serviced by LoanMart. With most title loans, this would automatically lead to repossession of your vehicle since the agreement contract was violated. Luckily, title loans serviced by LoanMart offer greater flexibility so that you may be able to work something out and avoid repossession.
With title loans serviced by LoanMart, repossession is the absolute last resort. This is due to the fact that there are some options available to borrowers.
These options can include things like:
Keeping an Open Line of Communication
There are customer service lines that title loan serviced by LoanMart borrowers can make use of. When something is making you struggle financially, you are encouraged to talk to a customer service rep as soon as possible.
Refinancing an Existing Loan
One way that defaulting on a loan could be avoided is by refinancing the loan. This can end up giving you a better deal and more time to pay back the money you owe. As a result, you may have more time to get yourself out of the financial struggle you are currently in.
How Do I Regain My Car Title?
Once you have finally paid off what you owe on your title loan serviced by LoanMart, you will want to know how you can get the title for your vehicle back in your possession. Luckily for you, title loan serviced by LoanMart has a team of DMV processors so that everything can go smoothly and quickly.
The process for retrieving your title after repaying a title loan serviced by LoanMart goes like this:
1. Confirm All Details with Your Loan Agent
After you have gone ahead with making your final payment on your title loan serviced by LoanMart, make sure that you confirm all the details with your loan agent. Inform them that you would like to start the process of retrieving your vehicle’s title.
2. Remove the Lien
There are a variety of ways that you can have the lien removed from your vehicle’s title, including:
- The lien release section can be completed on a title certificate
- The title can be released electronically (if the title is electronic)
3. Go to Your Closest DMV
Each state's process is a little different when it comes to dealing with vehicle title transfers. In the state of Texas, there will be a charge of $33 for transferring ownership of the title of a vehicle.
When you want to transfer a vehicle title, most DMVs will want you to have:
- A filled-out auto transfer form
- Proof of auto insurance
- A valid government photo ID
- Documented proof that your loan has been paid back in full
- Payment for your title transfer
4. Get Your Title Back
After all your information has been presented and verified by your loan agent, the process of removing the lien from your vehicle’s title can begin right away – after which your vehicle will fully belong to you once more!
If you have any further questions regarding the process of removing a lien from your car title, you can reach out to a LoanMart customer service representative. They will provide you with the information you may need to retrieve your vehicle’s title.
Where Can I Get a Title Loan Serviced by LoanMart in Texas?
There are numerous quick and convenient ways for you about getting your approved funds from a title loan serviced by LoanMart in the state of Texas! One such method is by going to visit your closest MoneyGram business location!
One of the great things about working with title loans serviced by LoanMart is that MoneyGram locations can be found throughout the country. Because MoneyGram’s can be found in most cities, a person doesn’t have to travel too far to inquire for a title loan or pick up their funds.
For the sake of convenience for Texas customers, below is a map and list of just a few locations in the Arlington area, with many more statewide locations found here.