? How Do Title Loans Work in Arkansas?
Title loans in Arkansas work by allowing a borrower to unlock cash with their car’s title! By pledging the title to your qualifying car, truck, or SUV as collateral for the loan, you can access up to half of your vehicle’s value and use your money to handle any type of personal expense.1
If you are fully approved for an Arkansas title loan and your loan is funded, a title lender will add a lien to the title of your eligible vehicle.1 While you are paying off your title loan, you can maintain access to your vehicle and you will have the freedom to drive wherever you need to go. The lien on your car’s title is released once you make the final payment on your loan.
Whether you are applying for a title loan in Little Rock, Fort Smith, Fayetteville, or anywhere else in Arkansas, you can expect a simple and streamlined application process through ChoiceCash title loans serviced by LoanMart. Use ChoiceCash’s online questionnaire to get an instant title loan quote with zero obligation! If you prefer to start your application over the phone, dial 855-422-7402 to speak directly with a loan officer. Don’t wait to find out if you are instantly prequalified for the financial help you need to get your finances back on track!1
Title Loan Requirements in Arkansas
Your ability to qualify for funding and the amount you can receive through a loan against your car is mainly determined by your income and the value of your vehicle. There are many different kinds of vehicles you can use to secure a title loan, including a Chevrolet Malibu, Ford Focus, and any other type of car with enough positive equity to qualify as collateral for the loan.1
The title loan requirements for a car title loan in Arkansas are simple and straightforward. In addition to having a vehicle with sufficient value, you’ll need to meet the following criteria to get approved for the funds you need:1
- Have a Qualifying Arkansas-Issued Vehicle Title
- Be of Legal Age to Apply for a Car Title Loan in Arkansas
- Demonstrate Your Ability to Repay the Loan
Different kinds of documents are required during your application to verify your income and other relevant information. It’s recommended to gather the items listed below so that you can be as prepared as possible to apply for a title loan in Arkansas:1
- A Car or Truck Title (Must be in Your Name)
- An Arkansas Driver’s License, U.S. Passport, or Another Valid, Government-Issued Photo ID
- Proof of Income Through Recent Bank Statements, Disability Award Letters, Pay Stubs, or Other Acceptable Documents
- Recent and Clear Photos of the Inside and Outside of the Vehicle
- Proof of Residence Through Recent Mail, Such as Utility Bills or Credit Card Statements
On top of having these documents on hand during your loan request, you will be asked to complete and sign an Arkansas Vehicle Registration Application Form in order for the lender to place a lien on your Arkansas vehicle title.1
Your vehicle photos and paperwork can be uploaded to the ChoiceCash customer portal during your application or sent to a loan officer through email or text message for your convenience! If you have any questions about applying for car title loans in Arkansas, don’t hesitate to reach out to a ChoiceCash title loan agent by calling the toll-free number today.1
How Much Can I Get through Car Title Loans in Arkansas?
If you’re facing a tough financial situation, you might be wondering how much money you can access through an Arkansas title loan. As mentioned above, the amount of cash you can receive by qualifying for a loan against your car is primarily determined by your income and your car’s value. The more your truck or car is worth, the more you can potentially get through an Arkansas title loan if you’re able to prove you can repay the loan.1 The value of a vehicle is largely based on its age, make and model, trim level, and the current number of miles on the odometer reading.
Accessing anywhere from a quarter to half of your eligible vehicle’s value is possible through an auto equity loan in Arkansas! Depending on the main factors that determine your potential funded amount, you can get up to $15,000 through a ChoiceCash title loan serviced by LoanMart! Use the convenient online calculator tool to get a vehicle value estimate and an instant loan quote today. Why wait to discover if you can get the financial help you need in as little as 24 hours?1
What are the Advantages of Getting an Auto Title Loan in Arkansas?
Did you know that title loans in Arkansas come with more advantages than just fast access to cash while holding on to your car keys during the repayment process? If you qualify for ChoiceCash auto title loans in Arkansas, you can freely take advantage of the benefits listed below:1
- Flexible Repayment Options: If you’re eligible for a ChoiceCash title loan serviced by LoanMart, you can access competitive interest rates and have flexible repayment terms to repay your loan! ChoiceCash title loan borrowers have the flexibility to choose between a few different repayment options. Whether you prefer to pay over the phone, set up automatic payments to your bank account, or pay in person at a local money transfer location in Arkansas, you have the freedom to choose whichever option suits you best!1
- Freedom to Spend Your Money: Although the average credit score in Arkansas is 688 based on the VantageScore model, many residents without good credit may turn to title loans when they need fast financial help. Even if you do not have a perfect credit score, you can apply for an Arkansas title loan and have the freedom to spend your money as you see fit after receiving final approval. From unexpected home repairs to overdue bills, the funds you receive from a title loan can help you deal with a multitude of financial issues.1
- Convenient Customer Portal and Exceptional Service: One of the many benefits of a ChoiceCash title loan serviced by LoanMart is the level of customer service you can receive, along with the convenient online portal to manage your loan! Through the customer portal, you can view your account balance, access important loan documents, check your payment history, and make or schedule payments. If you have any questions during the repayment process, a compassionate and experienced loan officer is available to assist you 6 days a week for extended hours!
Applying for Online Title Loans in Arkansas
When you need emergency cash to pay for unexpected expenses, applying for online title loans in Arkansas can be convenient and simple! Some eligible borrowers can get approved the same day they apply and receive their funds in as little as 24 hours.
Check out what the streamlined, three-step process for ChoiceCash title loans serviced by LoanMart typically looks like:1
1. Get Started Online or Over the Phone
Your loan request can begin online or over the phone for your convenience! No store visit is required to find out if you are initially approved for fast car title loans in Arkansas. To get started online, simply complete a short questionnaire and answer a few questions about your vehicle and yourself. If you prefer to start your application over the phone, just dial ChoiceCash’s toll-free number to speak directly to a loan officer!1
2. Submit Your Documents
The next step of your application is to submit your paperwork if you are initially approved for an Arkansas title loan. A loan officer will review all of your documents for completeness, so it’s important to double-check your paperwork prior to submitting everything.1
3. Get Your Funds
Upon receiving full approval for a ChoiceCash car title loan in Arkansas, you can choose direct deposit or have your money added to a debit card to access your funds in as little as 24 hours!1 Other methods for receiving your funding include getting a check sent through the mail to your Arkansas address or picking up your cash at a participating money transfer location near you.
Unlock Cash with Your Car’s Title in Arkansas and Keep Driving
You aren’t alone if unexpected expenses have knocked you off your feet. Don’t wait to find out if you can unlock fast funding through car title loans in Arkansas! Apply online by completing the pre-approval form or call 855-422-7402 today and start your application over the phone with a ChoiceCash loan officer.1
For the sake of convenience for Arkansas customers, below is a map and list of just a few locations in the area, with many more statewide locations found here.
Demographic and Financial Statistics for Arkansas
The below information provides some of the primary financial and lending indicators in Arkansas. Using these numbers as a reference point, we hope to further your understanding of your current financial situation relative to the average consumer in Arkansas. If a ChoiceCash title loan could be of assistance in your current situation, please apply online or call us at 855-422-7402!
| Average credit score (VantageScore®) | 688 |
| Average FICO® score | 695 |
| Average student loan debt | $33,858 |
| Average credit card debt | $5,667 |
| Average monthly car loan payment | $699 |
| Share of households that rent | 33.8% |
| Average rent | $1,093 |
| Median gross rent | $868 |
| Median value of owner-occupied housing units | $175,300 |
| Median monthly owner costs - with a mortgage | $1,297 |
| Median monthly owner costs | $422 |
| Number of bank branches | 1,281 |
| Median household income | $52,528 |
| Per capita income | $57,635 |
| Average ChoiceCash title loan amount | $4,458 |
What Locations in Arkansas Can I Get a ChoiceCash Title Loan in?
ChoiceCash is proud to service residents all over Arkansas including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans Arkansas:
