Nothing is worse than trying to get a loan and having to jump through hoops to get it. Every reputable lender will ask for documentation, with some auto title lenders requiring an inspection of your car too. This can cause unnecessary headaches and inconvenience as you take time out of your busy day to drive to their location.
Fortunately, with a ChoiceCash auto title loan, serviced by LoanMart, you don’t need to drive anywhere. You only need to submit a few photos during the application process, leaving you free to enjoy the rest of your day.
What Photos Will I Need to Submit?
Other lenders may require you to drive to a physical location to inspect your vehicle for damage, as any damage larger than a fist can depreciate the value of your vehicle. It’s also important to verify that your car is running.
With a ChoiceCash auto title loan, you’ll only need to submit six photos of your car.
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- The front, back and both sides
- The odometer
- The VIN number
You won’t need to drive anywhere and can take the pictures from any location that’s convenient for you. For example, your own driveway, the street where you live, your work or even the nearest park or your favorite store.
Taking your photos with your cell phone? You can easily submit them via an SMS text message, email or online via a secure website. There’s no need to even go back inside to use your computer!
What Other Documents Are Required?
Besides the photos, there are only a handful of documents you’ll need to get your money:
- Proof of income – for example, pay stubs or government award letters
- Proof of residence – almost any mail dated within the past 30 days is fine
- Photo ID – a driver’s license or other government issued ID
- Your Vehicle’s Title – your name must be on the title as an owner
- References – can be either personal or professional
Again, you can submit these via SMS text message, email or online through the secure portal. Once reviewed, it only remains for you to sign the agreement and collect your cash! Even the agreement can be signed electronically, allowing you to review it at your leisure and from the comfort of your own home.
The entire process can be completed within 24 hours or less and without ever needing to drive anywhere.
What If I Don’t Have Great Credit?
One of the great things about a title loan is that approvals aren’t dependent upon your credit. With an unsecured personal loan, the lender will need to review your credit report and could disqualify you based upon your score alone.
For example, although the policies and procedures will vary by lender, you might find your application is denied if your score is less than 700.
An auto title loan works differently. By using your car as collateral, this helps to secure the loan for the lender. As a result, this minimizes the risk and allows the lender to offer you more money and better rates.
As a plus for you, the borrower, this means the loan decision isn’t based upon your score, but rather the value of your vehicle. No credit? No problem! As long as your vehicle holds enough equity, you’re not in an active bankruptcy and you’re able to repay the loan, you could be approved!
How is a ChoiceCash Auto Title Loan Different from Personal Loans?
Besides offering the flexibility of submitting vehicle photos and a loan decision that’s not based upon credit alone, a Choice Cash auto title loan also offers these great benefits: 1
- Get prequalified in minutes1
- Get your money in 24 hours or less1
- Multiple funding options, including cash and direct deposit
- Keep your cash and your car
- More time to pay back the loan2
- No prepayment penalties1
More than this, a ChoiceCash auto title loan even gives you the opportunity to save money. With a regular loan, you only benefit from the loan when you get your money. Once the money’s gone, so are the benefits and you’re left to make your payments.
A ChoiceCash auto title loan allows you to continue enjoying the great benefits of the loan by helping you to save a little money every month. 2 When you make your monthly payments on time, your interest rate is reduced and so are your payments. 2 Over the course of the loan, you could see your payments nearly halved! 2
What if I Need to Borrow More Money?
Another great benefit of a ChoiceCash auto title loan, serviced by LoanMart, is the ability to borrow more money when you need it. 1 As long as your account is in good standing, you could be eligible to borrow more after only three months. 1
Want to pay off your loan early? With no prepayment penalties, you can rest assured you’ll have no surprises when it comes to paying off your loan. You only pay the principal balance and any outstanding interest and fees that may have accrued since your last payment.2
When it comes to title loans, there are a lot to choose from, but few offer the convenience and flexibility that comes with a ChoiceCash title loan, serviced by LoanMart. Get started today by clicking the Apply Now button at the top of this page or by calling (855) 914 2945 toll free. You could find out in minutes if you’re prequalified and be holding your cash in your hand within hours! 1