TITLE LOANS CAN BE SIMPLE OPTIONS FOR PEOPLE WHO NEED MONEY QUICKLY
Financial hardships are bound to happen at some point in a person’s life. Perhaps you’ve lost your job recently, or an unexpected expense pops up– whatever the case may be, covering for an emergency can be expensive, and not everyone has money saved up. Most Americans don’t receive enough income to keep more than $1,000 in their account at any time.
No money saved up means that people can’t pay their bills, which can spiral into the debt cycle. When you miss payments, your credit score can be negatively impacted, making it much more challenging to apply for traditional financing.
If you can relate to these circumstances and live in Virginia Beach, Virginia, you should inquire about ChoiceCash title loans serviced by LoanMart!1 The inquiry process can be simple, fast, and convenient, and loan approvals may happen within the same business day as starting.1 Don’t let the stress of not having money during a crisis overwhelm you– learn why a ChoiceCash title loan serviced by LoanMart could be your answer today!1
ADVANTAGES OF A TITLE LOAN IN VIRGINIA BEACH, VIRGINIA
Financial stress is common among many adults, but it’s never fun to experience. If you’re struggling with your bills or paying an unexpected expense, asking family or friends for money can be awkward. Inquiring about a short-term loan option could be a better solution to consider!
Below are some benefits you can expect from inquiring about a ChoiceCash title loan serviced by LoanMart in Virginia Beach, Virginia:
FLEXIBLE INQUIRY PROCESS:
Traditional bank loans can be a headache to apply for and get approved for, especially if you have a bad credit history. The inquiry process for a ChoiceCash title loan serviced by LoanMart can be straightforward and quick, which is excellent for people who need money during a financial emergency!1
The inquiry process can be flexible because many alternative income sources may be accepted, and bad credit is not always an issue.1 Title loans can potentially be accessible to people from many different financial backgrounds!1
FAST ONLINE PORTAL:
One of the most significant inconveniences in life is having to run errands or wait in long lines. With a ChoiceCash title loan serviced by LoanMart, you don’t have to worry about finding a title loan business in the Virginia Beach area.1 You can begin the inquiry process on your smartphone or computer from the comfort of your home!1
KEEP DRIVING YOUR CAR:
If Virginia Beach residents are like the rest of America, they probably rely on their cars heavily for daily transportation. Around 88% of Americans use their personal cars every single day, according to the U.S. Department of Transportation. Losing access to a vehicle can cause severe inconveniences in a person’s life, which is why it’s great that you can continue driving your car during a title loan agreement!
As long as you pay back your funds on time, you can keep full access to your car as a qualified borrower of a ChoiceCash title loan serviced by LoanMart.1
MANY REPAYMENT OPTIONS:
If you fail to pay your title loans back, you risk having your car repossessed and resold by the lender. Laws surrounding repossession can differ depending on your state, but it is usually the last resort that any lender wants to take.
With a ChoiceCash title loan serviced by LoanMart, you conveniently have many options for repaying your funds!1 You can:
- Set up Automatic Withdrawals From Your Bank Account
- Send a Check in the Mail
- Head to a Participating Money Transfer Location in the Virginia Beach Area
- Pay by Phone Through a Debit or Credit Card
- Pay Through the Online Account Portal
HOW DO TITLE LOANS WORK IN VIRGINIA BEACH, VIRGINIA?
Accessing cash through a title loan agreement can be simple! They work by allowing an interested consumer to borrow money off the available equity in their vehicle. If approved, a lender will place a lien on the vehicle title and remove it once the funding is all paid back. Essentially, your car serves as a form of insurance in case the money doesn’t get repaid.
This is a secured loan option because physical property is used as collateral in exchange for money. Traditional bank loans deal with unsecured loans because they don’t rely on an asset as collateral. Instead, banks review a person’s credit history to determine if they should be lent money. If you have a bad credit score, you may be deemed too risky and therefore denied a loan agreement.
If someone with a bad credit score does get approved for a loan from a bank or credit union, they may endure high-interest rates and additional fees. That can be expensive! While your credit score will be considered during a title loan agreement, it’s not the main focus of the approval process. Typically, title loan lenders care more about:
- How Much Value Your Car Has
- If You Can Pay the Money Back with a Steady Income
A car’s value is significant to lenders because your approval and loan amount may depend on this number! Vehicles with higher equity may receive higher loan amounts. Additionally, federal law requires lenders to ensure a borrower can pay the money back before approving someone for a loan.
Many alternative income forms may be accepted during the inquiry process, which is great for people from various financial backgrounds.1
REQUIREMENTS FOR A TITLE LOAN IN VIRGINIA BEACH, VIRGINIA
A ChoiceCash title loan serviced by LoanMart in Virginia Beach, Virginia, can be simple and straightforward to inquire about. Still, there are requirements involved that interested borrowers must know about before starting. Compared to a traditional bank loan, the criteria are much more straightforward and easy to understand.1
For a title loan, you must:
- Be at Least 18 Years of Age or Older
- Have a Qualifying Vehicle Title in Your Name
- Have a Qualifying Vehicle With Some Positive Equity
- Show Proof of Income or Alternative Income
Loan agreements are a significant financial decision; you must be 18 or older to inquire about this type of loan agreement. There are some loan options available within the U.S. that minors are allowed to apply for, but title loans are not one of them.
Next, you must have a qualifying vehicle title in your name to begin the inquiry process for a ChoiceCash title loan serviced by LoanMart.1 However, some alternative circumstances may be accepted!1
For example, if you’re still making payments on your car, a title loan lender may ask you to sign a form authorizing them to obtain information and pay the existing amount off. In Virginia, borrowers may be asked to complete the “Application For Transfer And Supplemental Liens” form before completing their loan.
You also need a qualifying vehicle with enough positive equity to receive title loan funding. Your car’s value can affect the approval process and loan amount, so that number is important to know! You can use this helpful calculator tool to learn more about your car’s current equity. It is available to ChoiceCash title loan borrowers, free of obligation.1
You can also head to websites like Kelley Blue Book to receive a car value estimation compared to the current market.
PROVIDING PROOF OF INCOME IS CRUCIAL
According to the Consumer Financial Protection Bureau, federal law states that title loan lenders must ensure that a borrower makes enough income to repay the loan before approving the agreement. This safeguard is set in place to protect people from manipulative or predatory lending practices. Typically, this is done by a borrower providing proof of income to the lender.
The great thing about a ChoiceCash title loan serviced by LoanMart is that many income sources may be accepted during the approval process.1 Below are examples of alternative forms of income you may be able to use:
- Worker’s Compensation
- Social Security Benefits
- Alimony/Child Support Payments
- Settlement Income
- Pension or Retirement Income
- Some Self-Employment
Not everyone in Virginia Beach, Virginia, works a traditional 9-5 position, and many people may have unconventional careers or ways of earning a living. With a ChoiceCash title loan serviced by LoanMart, people from different backgrounds can potentially inquire about funding!1
Contact a ChoiceCash title loan representative if you have questions about your circumstances or income source by calling 855-653-05951
STEPS FOR INQUIRING ABOUT A TITLE LOAN IN VIRGINIA BEACH, VIRGINIA
Inquiring about a ChoiceCash title loan serviced by LoanMart can be straightforward and quick, only involving three simple steps.1 If you don’t want to borrow cash from family and friends, consider a title loan instead!
Below are the steps for potentially accessing money within the same business day of applying:1
1. DECIDE HOW YOU WANT TO INQUIRE ABOUT CHOICECASH TITLE LOANS SERVICED BY LOANMART
A ChoiceCash title loan serviced by LoanMart can be convenient for many reasons. Still, the main reason is that interested borrowers can inquire about funding from the comfort of their homes!1 To begin your inquiry, you don’t need to find a physical location in the Virginia Beach area.
Just fill out the pre-qualification form online or call 855-653-0595.1
The pre-approval form only takes a few minutes to complete, which is excellent for people experiencing a financial crisis and needing to explore options immediately.
2. COLLECT DOCUMENTS
The second step of a title loan inquiry is to gather the necessary documentation for your potential approval. It’s essential to make sure you have all this paperwork on hand before beginning the process to ensure the inquiry goes as smoothly and quickly as possible. Contact the DMV in Virginia for replacement assistance if you’re missing anything mentioned, like a driver’s license or your car’s title.
For a ChoiceCash title loan serviced by LoanMart, you will need:
- A Valid Government/State-Issued Photo I.D.
- Proof of Residency in Virginia
- Proof of a Steady or Alternative Income
- Evidence of a Qualifying Vehicle Title in Your Name
- Recent Photos of the Vehicle
You can prove your age and identity using a government or state-issued photo I.D. card, like a driver’s license or a passport. You also need to prove that you live in Virginia, and you can do so by providing a piece of official mail, like a utility bill or bank statement. Title loans are available in many states, but the laws surrounding them can differ depending on where you live, so it’s crucial that you can prove your residency in the correct states!
Next, you must provide proof of a steady or alternative income during a title loan inquiry. As mentioned earlier, federal law requires lenders to thoroughly review income before approving a borrower for a loan. You will also need to show proof of a qualifying vehicle title in your name. Title loan agreements depend on using an automobile title in exchange for funding, so you can’t move forward with the agreement without one.
Finally, lenders will want to see recent pictures of your vehicle to determine its condition and verify it’s real. Make sure to take clear photos from the correct distances and angles!
3. POTENTIAL APPROVAL AND RECEIVING MONEY
Awaiting your potential approval for a title loan may not take very long! In some instances, qualified borrowers may get approved within the same business day as inquiring.1 The process should be simple and fast if you meet the requirements and collect the correct documents.
The final step after approval is deciding how you want to receive the money! You have several options:
- Have the Money Direct Deposited Into Your Bank Account
- Receive a Check via Overnight
- Pick up Funds at a Participating Money Transfer Location in the Virginia Beach Area
- Get Funds On A Debit Card Today1
TITLE LOANS COULD BE A QUICK SOLUTION TO YOUR MONEY PROBLEMS
There is nothing more stressful than needing money for something but not having it. Unless you make a lot of money and have disposable income, saving up can be impossible for many people.
If you live in the Virginia Beach, Virginia area and need cash for an unexpected expense, inquire about ChoiceCash title loans serviced by LoanMart!1 The inquiry process can be quick and straightforward, with qualified borrowers potentially getting approved the same business day.1
Maybe you need help covering a medical bill, or you want to make last-minute travel arrangements. Whatever the reasoning behind your money needs, accessing funds can be difficult with a bad credit score. If you live paycheck to paycheck, getting extra help for things can make a big difference in your life.
HOW CAN I PAY FOR MY TITLE LOAN IN PERSON
Pay back your car title loan in Virginia beach at any MoneyGram location in Virginia. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-653-0595 to discuss your options with a loan expert, or see the map and location list below to see where your nearest MoneyGram is located:
Addresses shown display closest MoneyGram locations. Map displays all MoneyGram locations in general vicinity.
Locations near Virginia Beach, Virginia
ChoiceCash is proud to service residents all over Virginia including metro areas Norfolk, Chesapeake and Arlington. Call 855-653-0595 to discuss your options with a loan expert, or see the city list below to see where your MoneyGram locations near Virginia Beach:
Featured Locations near Virginia Beach, Virginia
Nearby States by Virginia That offer a ChoiceCash Title Loan
Title Loans in Virginia Beach, Virginia
There are about 450,062 total people living in 23464 Virginia Beach, Virginia. From those 450,062 people, about 45.57% of them are female, which comes out to approximately 228,821 people. In Virginia Beach about 54.43% of the population is male, which comes out to about 221,241 people.
From the total population of 450,062 people about 334,600 are considered legal adults above the age of 18. From there, about 171,780 of those 334,600 adults are female, which comes out to about 46.31% of the population. For the men, 53.69% are adult males, which is approximately 162,820 people.
|Total People Under 5 Years||28,846|
|Total People 5-9 Years||27,128|
|Total People 10-14 Years||28,442|
|Total People 15-19 Years||26,873|
|Total People 20-24 Years||33,467|
|Total People 25-34 Years||74,872|
|Total People 35-44 Years||58,179|
|Total People 45-54 Years||58,694|
|Total People 55-59 Years||29,118|
|Total People 60-64 Years||24,909|
|Total People 65-75 Years||35,224|
|Total People 75-84 Years||17,280|
|Total People 85 Years and Older||7,030|
Household Employment Information for Virginia Beach, Virginia
In the entire city of Virginia Beach, there are approximately 167,498 households. When it comes to unemployment of those 167,498 about 32,605 of them contain residents who are currently out of work. However, 67,443 households contain at ,1 employed individual, 54,573 house 2 employed residents, and there are 12,877 homes with 3 or more residents who are employed.
To learn more about the employment of other types of households in Virginia Beach, take a look at the information below!
|Total Households with 1 Person||41,017|
|1-Person Households with Unemployed Residents||16,643|
|1- Person Households with 1 Employed Resident||24,374|
|Total Households with 2 People||55,778|
|2-Person Households with Unemployed Residents||12,191|
|2- Person Households with 1 Employed Resident||19,164|
|2-Person Households with 2 Employed Residents||24,423|
|Total Households with 3 People||31,264|
|3-Person Households with Unemployed Residents||2,116|
|3- Person Households with 1 Employed Resident||11,336|
|3-Person Households with 2 Employed Residents||13,393|
|3-Person Households with 3+ EmployedResidents||4,419|
|Total Households with 4 People||39,439|
|4-Person Households with Unemployed Residents||1,655|
|4- Person Households with 1 Employed Resident||12,569|
|4-Person Households with 2 Employed Residents||16,757|
|4-Person Households with 3+ EmployedResidents||8,458|
Living Information in Virginia Beach, Virginia
Throughout the whole city of Virginia Beach there are approximately 169,262 occupied households where 60,804 of those households are rented by the residents and 108,458 are owned.
Between the years of 2015-2016 about 23,640 households were occupied by newly moved-in residents. Out of those 23,640 households, 16,119 were being rented while 7,521 were owned during that time. Between the years of 2010-2014 approximately 50,034 households were occupied by residents who just moved in. From those 50,034 households, 28,760 were rented and 21,274 were owned. From 2000-2009, residents of Virginia Beach moved into about 41,580 households, with 34,353 of those households being owned and 7,227 being rented.
Going back before the millennium, between 1990-1999 residents throughout Virginia Beach began occupying about 23,585 households. During this time, about 22,123 of the households were owned and 1,462 were rented during this time period. But even before that, during 1989 and earlier, the people of Virginia Beach moved into approximately 21,156 households throughout the city. During this time, people who were renting moved into about 746 of the those 21,156 households, and people who purchased / owned their homes started occupying about 20,410 households.
Education of People in Virginia Beach, Virginia
Wondering about education information about the people who live in Virginia Beach, Virginia? Check out some of the interesting educational statistics about Virginia Beach below:
|Percent of People Who Have Not Graduated High School||4.03%|
|Percent of People Who Have Graduated High School||15.72%|
|Percent of People Who Started College||33.15%|
|Percent of People Who Finished College||30.46%|
|Percent of Homeowners Who Have Not Graduated High School||2.96%|
|Percent of Homeowners Who Have Graduated High School||13.9%|
|Percent of Homeowners Who Started College||26.36%|
|Percent of Homeowners Who Finished College||31.78%|
|Percent of Renters Who Have Not Graduated High School||5.98%|
|Percent of Renters Who Have Graduated High School||17.59%|
|Percent of Renters Who Started College||36.7%|
|Percent of Renters Who Finished College||23.05%|
ChoiceCash Title Loans, Serviced by LoanMart in Virginia Beach
Looking for a way to get the emergency cash you need in Virginia Beach? Good news! ChoiceCash Title Loans, serviced by LoanMart, services loans throughout the state of Virginia. Call 855-914-2945 or visit ChoiceCash Title Loans online to get started today!