Alternatives to Auto Pawns in the U.S.

Owning a car means you could tap into the equity within it to obtain fast emergency cash. Auto pawn loans in the US are often considered, but there may be a better option–like ChoiceCash Title Loans serviced by LoanMart!1

Learn more about this innovative title loan that could come with financial rewards!2

Benefits of Title Loans vs Auto Pawn Loans in the US

The benefits with auto pawn loans in the US are minimal, although you can expect fast financial relief and high approval rates. On the other hand, one of the top title loan options–ChoiceCash Title Loans serviced by LoanMart–offer numerous advantageous benefits!

Read about some of the innovative perks you can look forward to receiving:

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  • Competitive Interest Rates: The interest rate of your loan will determine the affordability, so it is one of the most important terms of repayment. ChoiceCash Title Loans serviced by LoanMart come with competitive rates that are based on market research!
  • Payments That Can Drop Monthly2: Don’t expect your monthly payments to stay constant! ChoiceCash Title Loans serviced by LoanMart are unlike auto pawn loans in the US because payments and rates can decrease every month.2 By continuously making on time payments, you can get rewarded by having to pay less each month.2 In addition, you could choose to inquire for more money at your discounted rate!1 2
  • No Hidden Fees: ChoiceCash Title Loans serviced by LoanMart provide honest and transparent service. Therefore you do not have to worry about hidden fees or a costly balloon payment!
  • No Prepayment Penalty Fees: Many loan options, such as auto pawn loans in the US, have prepayment penalty fees. This is a fee for repaying the loan back early. ChoiceCash Title Loans serviced by LoanMart do not have prepayment penalty fees, so you can pay off your emergency cash when it is convenient for you.
  • Keep Your Car: Many auto pawn loans in the US require the borrower to leave their car at a secure lot until the debt is repaid. ChoiceCash Title Loans serviced by LoanMart let you keep driving while making monthly payments!
Are there Requirements with Auto Pawn Loans or Title Loans in the US?

To obtain an auto pawn loan or title loan in the US, you will need to meet the basic requirements. When it comes to qualifying with ChoiceCash Title Loans serviced by LoanMart, you will need:

  • To be at least 18 years old
  • A valuable car
  • A car title in your name
  • The ability to make timely loan payments
Can I Get a Free Quote with Auto Pawn Loans or Title Loans in the US?

Obtaining an auto pawn loan in the US may be fast, but it may not be convenient. Most options require you to visit the pawn shop in person to have the car inspected for approval but you may not have time for that!

ChoiceCash Title Loans serviced by LoanMart offer free quotes online!1 All you have to do is provide some basic information about your car. To take advantage of this deal, you will need to know your car year, make, model, style, and current mileage. Whenever you are ready, just hop online and use the title loan calculator. If your car qualifies, you could get a free quote and submit your contact information to start the approval process.1

Is a Bank Account Necessary for Auto Pawn Loans or Title Loans in the US?

You may think that a bank account is necessary in order to get an auto pawn loan or title loan in the US, but that is not always the case. There are many reasons why someone may not have an active bank account, and that decision should not affect your eligibility for emergency money.

ChoiceCash Title Loans serviced by LoanMart do not require a bank account! If approved for a title loan, you could choose to receive your money through a check in the mail or by visiting a MoneyGram location near you.

What Documents Do I Need for Auto Pawn Loans or Title Loans in the US?

One of the key benefits of auto pawn loans and title loans in the US is that the process can be fast. One of the reasons for this is that the documents required are minimal and they can be easily uploaded online!

With ChoiceCash Title Loans serviced by LoanMart, you don’t need to turn in your documents in person or send them through the mail. Using your smartphone, you can just take pictures of your documents on a flat surface and upload them online!

An agent will typically ask for the following documents:

Car Title in Your Name

A car title is a legal document that proves you own an asset. You will need a car title in your name to qualify for auto pawn loans or title loans in the US.

If your car was a gift or was recently bought from a private seller, you will need to request a title transfer at your local DMV if the title is not currently in your name. If you have a car title in your name but the physical document is lost, you will need to request a duplicate copy at the DMV.

Proof of Income

Your ability to make timely payments is one of the main qualifying factors for auto pawn loans and title loans in the US. The good news is that ChoiceCash Title Loans serviced by LoanMart usually accept all types of alternative documents. So if you don’t work a traditional 9-5 job, you could still be deemed eligible.

As proof of income, you could show paycheck stubs, bank statements, tax returns, government award letters, Social Security benefit statements, and more.

Proof of Identity

Your identity must be proven in order for you to obtain any form of financial loan. It must be a valid government-issued photo ID, such as a state ID, driver’s license, or US passport.

You will also be required to provide a Social Security number, but some people do not have one. If you don’t have a SSN, do not worry! ChoiceCash Title Loans serviced by LoanMart also accept ITIN and the Matrícula card. 

Proof of Residence

As proof that you currently live where you say you do, you can provide recent utility bills, a lease agreement, a mortgage statement, credit card statements, insurance statements, and more.

States across the US have their own laws and restrictions on auto pawn loans and title loans. Depending on where you live, your state of residence may determine your loan amount.

Pictures of the Car

To obtain auto pawn loans or title loans in the US, you will need to complete a car inspection. Usually this involves driving to a brick and mortar location so an agent can review the current condition of the car. Luckily, ChoiceCash Title Loans serviced by LoanMart offer online inspections via photos!

All you have to do is take out your phone and start snapping photos of your car in a brightly lit location free of background clutter. You will need to provide images of the rear, hood, driver’s side, passenger side, VIN, and the odometer. If your car has dents or other types of cosmetic damage, know that you may still be able to qualify!1

References

You may be asked to provide personal references, professional references, or a mix of both.

How to Apply for Auto Pawn Loans or Title Loans in the US

 If you are interested in using your car to get fast emergency cash, then you may be torn between auto pawn loans or title loans in the US. ChoiceCash Title Loans serviced by LoanMart can be one of the best options out there for secure funding using your car.

ChoiceCash Title Loans serviced by LoanMart offer eligible inquirers a new way to borrow money. Not only could you get affordable payments and competitive rates, you could get financial rewards simply for making payments on time!2 You could look forward to decreasing payments and rates each month you make a payment!2 An auto pawn loans in the US are not as flexible or innovative as title loans. Inquire today and see what all the hype is about!

Dial the toll-free number 855-914-2945 to speak with a representative or complete the online title loan inquiry form to get started.   

Alternatives to Auto Pawns in the U.S.

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GET YOUR CASH IN 24 HOURS!1

After filling your application form online, our title loan specialist can help you find the best way to pick up your cash in less than 24 hours.

Questions? Call 1-855-914-2945

Let's get started!

CALL OUR TITLE LOAN TEAM

Call our toll-free hotline and speak with a dedicated Title Loan specialist!

APPLY NOW

Apply online with our secure application. It may just take 5 minutes, and you may be approved within an hour! 1

GET YOUR CASH IN 24 HOURS!1

After filling your application form online, our title loan specialist can help you find the best way to pick up your cash in less than 24 hours.

Questions? Call 1-855-914-2945

Let's get started!

CALL OUR TITLE LOAN TEAM

Call our toll-free hotline and speak with a dedicated Title Loan specialist!

APPLY NOW

Apply online with our secure application. It may just take 5 minutes, and you may be approved within an hour! 1