If you happen to have a valuable car in your name, then you may be able to qualify for an auto title loan in the US! But what is the best option out there?
ChoiceCash Title Loans serviced by LoanMart offer eligible inquirers a new way to borrow emergency cash!1 Looking for affordability? This loan option comes with exclusive financial rewards!2
Keep reading to find out more about this innovative US auto title loan option.
What Are the Benefits of Auto Title Loans in the US?
When you work with ChoiceCash Title Loans serviced by LoanMart, you can expect to receive more benefits than you would with other auto title loan options in the US.
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Take a look at the exclusive benefits you can look forward to:
ChoiceCash Title Loans serviced by LoanMart offer eligible borrowers decreasing payments and rates just for paying on time!2 No other auto title loan option in the US offers such amazing financial rewards!
Every time you make a monthly payment on time, you can look forward to payments getting lower and lower!2 By the time you make your final auto title loan payment, the amount can be as low as half of your first payment.2 Why pay the same amount throughout the repayment process when you can pay a little less each time you pay.2
Fast Auto Title Loan Money
If you need emergency cash as quickly as possible to pay off that upcoming bill, then consider ChoiceCash Title Loans serviced by LoanMart! If eligible, you could get the fast money you need in as little as 24 hours after approval!1 If you don’t have to wait days to get the emergency cash you need, why should you?
No Hidden Fees
There are no hidden fees concealed within the auto title loan agreement when you work with ChoiceCash Title Loans serviced by LoanMart. There are also no balloon payments, which are large payments due at the end of the repayment process.
ChoiceCash Title Loans serviced by LoanMart take pride in providing complete transparency from start to finish.
Freedom of Repayment
Many auto title loan options in the US charge borrowers a fee if they pay off their loan early. Prepayment penalty fees are designed to help loan providers make as much money as possible, but they can set borrowers back.
When you work with ChoiceCash Title Loans serviced by LoanMart, you can repay your auto title loan as early as you want without being charged excess fees.
Does My Car Qualify for Auto Title Loans in the US?
To obtain an auto title loan in the US, your car will need to qualify. But what types of cars can you use as collateral and does your car have enough equity?
ChoiceCash Title Loans serviced by LoanMart provide free title loan estimates online for your convenience!1 In just 5 minutes, you could find out if your car qualifies.1 Most car types are usually accepted for auto title loans in the US, although the car must be deemed valuable and the title must be in your name.
All you have to do to get a preapproval decision is provide the following information about your car:
- Vehicle Year
These details will be used to discover the current resale value of your car. If you have more than one car, and you need a significant amount of funding, consider using the more valuable car to get an auto title loan in the US.
Can I Keep My Car if I Get an Auto Title Loan in the US?
If the car is used to get auto title loans in the US, does that mean the borrower has to give up the use of their car during repayment?
Not when you work with ChoiceCash Title Loans serviced by LoanMart! A temporary lien is placed on the car title during the repayment process, but borrowers get to keep driving their car! If you are worried about losing access to reliable transportation, rest easy knowing that ChoiceCash Title Loans serviced by LoanMart do not require access to your physical car while you make payments.
Will I Qualify for Auto Title Loans in the US with Bad Credit?
Having bad credit may mean your emergency cash options are limited, but your credit history may not matter with auto title loans in the US.
ChoiceCash Title Loans serviced by LoanMart have flexible qualification requirements! If you are at least 18 years old, have a car in your name, and proof of income, you just may be able to qualify for an auto title loan.1
While credit is one of the main qualifying factors for unsecured loans, such as personal loans, it is not always taken into consideration for secure loans. This means you could be deemed eligible for an auto title loan in the US with less-than-ideal credit.1 After all, credit is not always an accurate indicator of your ability to pay back a loan on time. So, if you need fast cash but you have bad credit, consider inquiring for an auto title loan!1
What Documents Do I Need to Get Auto Title Loans in the US?
To get an auto title loan in the US, you will need to provide a few key documents so your information can be verified by an agent.
With ChoiceCash Title Loans serviced by LoanMart, all you have to do is whip out your phone and start taking pictures of your documents to submit them! There is no need for you to take time out of your day to visit a store in person. And while other loan options may require an agent to inspect your car from the inside out, ChoiceCash Title Loans serviced by LoanMart only need images to confirm the condition.
Take a look at the general documents you may be asked to provide for an auto title loan in the US:
- Car Title: The title to your car must be in your name to qualify for emergency cash. If the car title is missing or you have yet to request a name transfer, you will need to request a new one at your local Department of Motor Vehicles before you can inquire.
- Proof of Identification: To prove identification, you will need to provide a government-issued photo ID such as a driver’s license, state ID, or US passport.
- Proof of Address: To obtain an auto title loan in your state, you will need to show proof of your current US address. You can choose to provide credit card statements, insurance statements, utility bills, a lease agreement, etc.
- Proof of Income: As proof of your ability to make on-time loan payments each month, you can show paycheck stubs, bank statements, tax returns, government award letters, etc.
- Photos of the Car: As part of the car inspection process, you are required to submit photos of your car. You will need to include photos of the rear, hood, driver’s side, passenger side, odometer, and VIN.
- References: You may be asked for personal or professional references.
How to Apply for Auto Title Loans in the US
Ready to start the approval process to get an auto title loan in the US? The approval process only consists of 3 simple steps and inquirers can choose to start online or over the phone.
The first step includes establishing contact with an auto title loan agent. If you prefer to speak with someone directly over the phone, you can dial (855) 914-2945. Or you can choose to complete the online auto title loan questionnaire.
If your car is determined to have enough equity, you can start submitting your documents online. Just scan your paperwork onto a computer or take pictures using your phone. An agent will review your information once your documents are submitted. Once everything is verified, you will receive an agreement for an auto title loan in the US.
Together with your agent, you will go through the financial document and your repayment terms. Once you understand the legal requirements for repayment, you can sign the document and obtain your emergency cash!
Why wait any longer? Inquire with ChoiceCash Title Loans serviced by LoanMart today and you could get an auto title loan in the US!1