Own a car? You could use the car title to get an online title loan like a financial pro! Best of all, when you work with ChoiceCash Title Loans serviced by LoanMart, you could get advantageous perks that benefit your finances!1
How to Get Title Loan Benefits Like a Financial Pro
If you use your car title to get emergency cash like a financial pro, know that you could get unmatched benefits with ChoiceCash Title Loans serviced by LoanMart!1
ChoiceCash Title Loans serviced by LoanMart offer perks that make the repayment process hassle-free and easy. Take a look at some of the benefits you could take advantage of as an eligible borrower:
- Competitive Rates: The interest rates with ChoiceCash Title Loans serviced by LoanMart are competitive right from the start! You don’t have to worry about sky-high rates that make repayment stressful.
- Decreasing Payments: ChoiceCash Title Loans serviced by LoanMart offer affordable monthly payments and rates that could get lower and lower as you repay the loan.2 By continuously making payments on time, you could earn financial rewards that allow you to pay a little less every single month until the loan is paid off.2
- Fast Title Loan Money: If you need money quickly, know that you could get emergency cash in as little as 24 hours when you work with ChoiceCash Title Loans serviced by LoanMart!1
- Transparency: ChoiceCash Title Loans serviced by LoanMart are committed to complete transparency throughout the process. Therefore there are no hidden fees or balloon payments to be wary of.
- No Prepayment Fees: If a borrower repays their title loan early like a financial pro, they may be met with prepayment penalty fees by malicious providers! But rest easy knowing ChoiceCash Title Loans serviced by LoanMart do not penalize borrowers for being proactive.
How to Qualify for Title Loans Like a Financial Pro
If you want to qualify for a title loan like a financial pro, know that you only need to meet a few basic requirements! ChoiceCash Title Loans serviced by LoanMart have flexible qualification requirements, so approval rates are typically high.
To be deemed eligible for title loans, you must meet the following requirements:
- Are at least 18 years old
- Own a qualifying car with sufficient equity
- Have a car title in your name
- Have proof of income
You may have noticed that credit is not one of the main qualifying factors. This isn’t an omission! Your FICO score does not affect your eligibility for title loans when you work with ChoiceCash Title Loans serviced by LoanMart!1 Despite having less than ideal credit, you could still be eligible for title loans like a financial pro!1
How to Calculate the Equity in Your Car Like a Financial Pro
You need a sufficient amount of equity in your car to qualify for title loans like a financial pro. But what is equity and how can you check how much equity is currently in your car?
Equity is not the same as the value of your car, but rather the amount of financial ownership you have on an asset. For example, your car may be worth $12,000 on the market, but if you still owe $3,000 on the auto loan, then the equity within your car is $9,000.
To calculate the equity in your car, you need to subtract the resale value by the principal amount of the auto loan. But how can you get your car appraised to find the resale value? ChoiceCash Title Loans serviced by LoanMart have an online title loan calculator that gives free estimates to eligible inquirers!1
To use it and potentially get an accurate title loan estimate like a financial pro, you just need to provide your car year, make, model, style, and current mileage. If you like the estimate you receive, feel free to complete the secondary form with your contact information and start the approval process.
How to Repay Your Title Loan On Time Like a Financial Pro
There are various ways for you to repay your title loan on time like a financial pro. One of the easiest ways to go about this is to pick the repayment method that is most convenient for you.
ChoiceCash Title Loans serviced by LoanMart offer multiple options for payment, such as:
- Pay over the phone using a credit or debit card
- Pay through the mobile app
- Pay online through your established account
- Pay in person at a local MoneyGram location
- Sign up for automatic payments using your bank account
If you are looking for ways to quicken the repayment process and regain your financial independence sooner, you can start by budgeting or increasing your income. There are many ways to start a budget, but the easiest method may be the 50/30/20 rule.
This budgeting method states that you should only use 50% of your monthly income to pay necessary bills. This percentage includes rent, groceries, utility bills, credit card bills, and more. You should then spend 30% of your income on unnecessary expenses, such as entertainment, clothes, food, and more. The remaining 20% of your income should be allocated to your savings account.
The great thing about the 50/30/20 budgeting method is that it can be easily adjusted to fit your income. If you don’t have that many bills, you can adjust the amount you spend for each category. If you want to spend less and save more, you can just determine how much you usually spend on wants and adjust from there.
If you want to increase your income, know that you have quite a few options to make some extra cash:
- Deliver Food: If you want to take advantage of your car, you could use it to deliver takeout through apps such as Uber Eats, DoorDash, or Grubhub. Choose your own hours and potentially earn extra money in tips.
- Rideshare: If you prefer to drive people to and from their destination, you could join Lyft or Uber and work during your free time. You may even be able to earn tip money.
- Sell Items Online: You could sell just about anything for free on eBay, all you have to do is create an account and take pictures. So if you have handbags, collectibles, home and garden items, or even electronics you could make some extra cash to pay off your title loan quickly like a financial pro.
- Sell Plasma: If you are not afraid of needles and you want to do some good, consider donating your plasma blood for some extra cash! Plasma is the liquid component of blood that is used for research and to help individuals that have certain autoimmune diseases.
- Work Part-Time: Many retail and foodservice companies offer flexible part-time work. You could work on the weekends or after work if you want to increase your income to repay a title loan early like a financial pro.
- Walk Dogs: If you love animals–specifically dogs–you can earn some extra money for walking them! If you prefer cats, you could also get money for housesitting! Sites such as Wag or Rover allow people to work as dog walkers and house sitters.
How to Apply for a Title Loan Like a Financial Pro
If you want to handle that upcoming bill like a financial pro, then turn to ChoiceCash Title Loans serviced by LoanMart!1
To get started on the approval process, all you have to do is dial (855) 914-2945 to speak with a title loan agent directly. If you prefer to start the approval process online, then all you have to do is complete the short title loan questionnaire with details about your car and your contact information.
If you are deemed eligible for title loan funding, you can start submitting pictures of your documents by uploading them online! There is no need to mail your documents or turn them in at a physical store. A title loan agent will verify your information once your paperwork is submitted.
The final step of the title loan approval process is to get your money like a financial pro! You can choose to get direct deposit, a check in the mail, or an electronic transfer at any local MoneyGram location near you.
If you need help to pay off that costly medical bill like a financial pro, then work with ChoiceCash Title Loans serviced by LoanMart today!1