What Are LoanMart Rewards?

By | Car Title Loans | No Comments

What Are LoanMart Rewards?

Loan Mart is the premier auto title lender for the Chicago area, and our customers past and present have experienced our many benefits. We work with you to develop an auto title loan plan that works best for your situation, and that gives you the ability to tackle your financial challenges through a quick and efficient process. Our goal is to build lasting relationships with our customers, and we work hard to ensure that you get the most from your experience.

In addition to our great support and auto title loan benefits, we also offer a rewards program called LoanMart Rewards, that was established to give our customers more than just a typical loan experience.

What does the LoanMart Rewards Program have to Offer?

  • Great prizes such as appliances, games, electronics, and many more!
  • Additional services from LoanMart
  • The chance to participate in sweepstakes programs with the points you earn

How do I Participate in LoanMart Rewards?

  • Register for a free LoanMart Rewards account on our website
  • Login to your account and begin accumulating points

How do I Earn Points?

  • Play online games
  • Participate in surveys
  • Watch videos on the site
  • Refer friends to our rewards program

We want to offer more than just a typical experience for our customers, and through LoanMart Rewards you can earn some great prizes and opportunities! Make sure to use the points you earn, as they can expire after 6 months of inactivity, giving you lots of time to determine how you want to put them to use.

If you have any questions about the rewards program or other services that we offer, do not hesitate to contact our support team directly. We are here to help, and look forward to working with you in the near future.

Risk of Car Loss

By | Title Loans | No Comments

The Risk of Car Loss with LoanMart Chicago

All kinds of people come to LoanMart for short-term emergency funding in the form of an auto title loan. One of the main concerns of our customers is that they might risk having their vehicle repossessed if they default or miss a payment on the loan. LoanMart tries to help prevent that from happening in every way we can.

Before we qualify you, we have you provide proof of your income to make sure you have active employment, and can make payments on the loan. Next, we customize a payment plan according to your budget to help you complete your payments on time and in full. We lay the terms out for you from the beginning so you know exactly what you’ll be paying each month.

We make sure you’re at the lowest risk possible when you qualify for your auto title loan. Since our loans are fully amortized. That way, you’re gradually paying off both components of the loan at the same time.

LoanMart Helps Prevent Car Loss

We view repossessing your car as a last possible resort for customers who default on their auto title loan. If you currently have a car title loan with LoanMart in Chicago, and you are concerned that you will not be able to make a payment on-time, we encourage you to contact us at 312-462-0430 or via the live chat link, and we can work with you to come up with a solution.

If you have any more questions, visit our FAQs or find out more about fully amortized loans and more on our how it works page.

How to Repay a Car Title Loan Even Faster

By | Car Title Loans | No Comments

How to Quickly Repay Auto Title Loans

Auto title loans provide a much-needed safety net and emergency funds for many of our customers, and we are happy to provide this service to Chicago residents. Using the equity of your current vehicle as collateral, we provide funding to qualified applicants who are free to resolve whatever financial emergency they are experiencing. Whether it be to handle past-due bills, medical expenses, or other financial needs, a car title loan is a great resource to have at your disposal.

A common question we get from customers deals with the schedule of repaying the loan. The benefit of choosing an auto title loan during your time of need is that you will not be charged penalties for making early payments. Once you have received the funds you need, you can pay back a large portion of the loan amount early and ease the responsibility of your regular payments.

Here are some great ways to repay your loan early:
  • If you borrow more money than your immediate need requires, set a portion of it aside to put toward your payment
  • Take advantage of our option to repay your loan ahead of schedule with no prepayment penalties, and pay a bit extra each month
  • Keep track of the monthly billing statements provided by LoanMart to ensure that your payments remain regular
  • Take advantage of the option to pay by mail, phone, automatic withdrawal, online, or in-person

LoanMart seeks to help Chicago residents get the emergency funding that they need, while providing the ability for customers to repay their loan at an accelerated rate. Unlike old-fashioned lending services, we do not charge prepayment penalties that can add to the financial burden of a loan.

Be sure to contact us directly if you ever have questions, and one of our Chicago team members will be happy to work with you.

How Can I Use the Money from an Auto Title Loan?

By | Title Loans | No Comments

How You Can Use Your Money With an Auto Title Loan

If you qualify for an auto title loan from LoanMart, one of our many perks is that you can use the money to cover whatever financial emergency you’re currently dealing with.

Our auto title loans are designed for efficiency, so many of our customers choose LoanMart as an alternative form of income when they’re in need of short-term emergency funding.

These are some ways customers in the past have used auto title loans from LoanMart:

  • Meeting deadlines for rent or utilities
  • Covering expenses from a funeral or other family emergency
  • Paying off an unexpected expense like an emergency room visit
  • Covering the cost of a car repair

We won’t penalize you for making early payments, so you could pay off the loan in full as early as you’d like.

Any more questions? Take a look at our FAQ page or call 312-462-0430 and an auto title loan agent right here in Chicago will be standing by to answer any questions you might have.

How Can I Get Money to Pay My Bills?

By | Borrowing Money, Car Title Loans | No Comments

How Can I Get Money to Pay My Bills with a LoanMart Auto Title Loan?

Are you running low on funds and can’t pay your bills on time? LoanMart could help you get the money you need in as little as 1 business day with an auto title loan.1 3 If you own a vehicle with a qualifying title in your name, have a valid driver’s license or state photo I.D., and can prove your income and residence, you could qualify.

You might think you can’t qualify if you have a poor credit score. That’s not the case – LoanMart welcomes you to apply despite your credit history.1 As long as you’re not in active bankruptcy or credit counseling, LoanMart could be able to help you get funded.1

How Do Auto Title Loans Work?

  1. Apply using the information request form located here on our Chicago website. All you’ll need is your vehicle’s make, model, year, and mileage, and some basic contact information, and an auto title loan agent will contact you to tell you exactly what you’ll need for the next step and answer any questions you might have about loan amounts, interest rates, and more. You could also call and speak to one of our auto title loan agents here in Chicago by dialing 312-462-0430, or live chat with a local agent by selecting the live chat option.
  2. Provide the appropriate documents by a number of different methods.You could deliver the documents via fax or in person to one of our many regional locations, or send pictures of the necessary documentation by e-mail or text.
  3. Pick up your funds
    Once you’ve qualified and submitted your papers, you could make an appointment for a signing at one of our many Chicagoland participating stores. Our agents will have everything ready for you, so all you have to do is walk in, sign your car title loan agreement, and walk out with your money.1 It’s that simple!
Once you get your money, you can use it to resolve whatever financial emergency you’re dealing with, and even keep your car as you pay off the loan in regular monthly payments. Apply now, and you could get funded in as little as 1 business day!³

Credit Unions Vs. Auto Title Loans from LoanMart

By | Loans | No Comments

Credit Unions & LoanMart Title Loans – Comparison

When facing financial hurdles, there are some great options available to help you get the money you need. Personal credit union loans, title loans, payday lenders and a host of other services are at your disposal, but let’s focus on two of the most popular so that you can move in the right direction.

Personal credit union loans and auto title loans could both provide money for you to face any financial challenges that you are dealing with in your life. However, there are some key differences that make an auto title loan from LoanMart the better option.

Credit Union Loans

  • Require in-person applications at a credit union location
  • Heavy weight given to current credit score and finances
  • Can take multiple days to apply and receive funding

Auto Title Loans

  • Can apply online, by phone or in-person
  • Applicants of all credit backgrounds are encouraged to apply1
  • Qualified applicants can receive funding within one business day³

Although both can provide the financial help you need, there are obvious advantages to pursuing an auto title loan from LoanMart. This is especially true in Chicago. With our large team at your disposal, the auto title loan process is quick and efficient. This provides you with the financial security that you need in a timely manner, and keeps you moving forward rather than waiting on a loan approval from a credit union.

We are happy to answer any additional questions you may have, and look forward to working with you to get the money you need. Call us at 312-462-0430 or click the live chat link on the right side of this page to start chatting with one of our Chicago-based auto title loan agents now.

Getting an Online Auto Title Loan with LoanMart

By | Car Title Loans, online title loans | No Comments

Online Auto Title Loans with LoanMart Chicago

With technology making previously difficult tasks easier and easier, it is understandable to want everything handled efficiently and accurately. Especially when you are facing financial challenges such as past-due bills, medical expenses, or the cost of a car repair.

With LoanMart’s technology, you can get the financial support you need with an auto title loan online from the comfort of your home.1

We take care of most of the work for you, and you can even submit your qualifying documents using the camera in your phone! And with all of this technology being put to use for our customers, LoanMart typically helps customers receive funding within one business day.³

How can Applying for an Auto Title Loan Online Help me?

  • Receive the financial support you seek at your convenience, without disrupting your work or home schedule
  • Gain the support of a dedicated and cohesive team through online chat and Internet applications
  • Streamlined application process so you can get the help you need fast
  • Provide required identification materials from home, without having to drive to an in-person location the way old-fashioned loans require

The process of obtaining an auto title loan has been upgraded to benefit the customer. The option to apply for an  title loan on the Internet keeps you focused on what is important at home, while a team of professionals handles the paperwork for you. We encourage you to get in contact with us and we will be happy to answer any questions you may have.

Co-signers and Customers Who Share Cars

By | Co-Signing, Title Loans | No Comments

Co-signers & Car Title Loans

Customers sometimes worry about their application being declined due to a less-than-perfect credit history. Although customers of all financial backgrounds are encouraged to apply, there are options available that can help improve the likelihood of you obtaining the funds you need through an auto title loan.1

Adding a co-signer to the loan adds to the security of your situation, and has the potential to help you get emergency money in your time of need.

Co-Signers: An Additional Backing Source

Co-signers are additional borrowers that sign the loan and provide backing to the person who requested funding, usually because they have a stronger credit history. A co-signer can be a relative, the person you share your vehicle with, or a trusted party that agrees to help you with you auto title loan application. Adding an additional party to your loan can provide the financial security you seek, while taking away the concerns about one’s credit history.

Here is the important part: the co-signer of an auto title loan does not receive funding, but is responsible in the event that the primary borrower defaults.

What this amounts to is that the co-signer takes on the financial responsibility of the loan along with the applicant that receives funding. If you ask a co-signer to join your loan application, make sure that you follow the guidelines below:

  • Make sure you are able to make regular payments so the co-signer is not left with the responsibility of the loan
  • Understand that both the applicant and co-signer’s credit can be affected if the loan is not paid per the agreement
  • Choose a co-signer that you can keep open communication with about the status of your loan
  • Do not ask someone to co-sign who is unable to share the responsibility of your auto title loan

Having a co-signer on your auto title loan has the potential to improve your chances of getting approved for funding.1 It is just one option that is available to you, and you will want to discuss the loan terms in detail with your co-signer.

Our Chicago team is here to answer any questions that you may have about this process, and we look forward to assisting you. Do not hesitate to contact us directly and we can show you the benefits of adding a co-signer to your documentation.

Car Rentals vs. Car Title Loans: A Comparison

By | Car Rentals, Car Title Loans, Title Loans | No Comments

Renting Vs. Auto Title Loans

The world of personal finance and loans can be a tricky landscape to navigate at times. But, when the need for emergency funds arises, we understand that you need answers quickly and efficiently. That is why we strive to provide resources to our customers in order to clear things up a bit. With resources such as this and our dedicated support team, we can help you gain a better understanding of your options. In order to get started, let’s discuss a topic that most people have had direct or second-hand experience with in their lives: renting a vehicle.

When a person goes to rent a vehicle, there are specific requirements up-front that have to be satisfied. Customer must have valid identification, a credit card (validation of ability to pay), and meeting the state’s age restrictions are all qualifying factors that help determine if an individual is able to rent a vehicle.

Much in the same way, the beginning of the auto title loan process requires similar information:

  • Own a qualifying vehicle with a free-and-clear title in your name
  • Validate Ability to Repay – Paycheck stubs and/or bank account statements
  • Verify Residency – recent mail like a utility bill
  • Possess a valid Driver’s License or State Photo I.D.

These items show that you are able to proceed with your application for an auto title loan, and that you meet the necessary requirements.

One of the biggest comparisons between securing an auto title loan and renting a vehicle  is the way in which funds are exchanged. With a rental company, an individual is exchanging their credit card, or ability to pay, for the temporary use of a vehicle. When the term of the rental is over, the customer pays the charges and returns the vehicle. Similarly, with an auto title loan a customer is placing the value of their vehicle as collateral for temporary emergency funds. Then, the customer repays the loan back under the agreed duration of the loan, and the vehicle stays with the customer.

As you can see, the process behind auto title loans shares many similarities with renting a vehicle. Of course, our team is always here to clear up any questions you may have, and work with you so that you get the most out of your experience. We wish you luck, and encourage you to contact us if you are thinking about applying for an auto title loan.

Borrowing Emergency Funds from Family, Friends, or Your Car?

By | Borrowing Money, online title loans | No Comments

Borrowing Emergency Funds from Family, Friends, or Your Vehicle?

When you are in need of emergency funds, the first question that comes to mind is, “Who do I turn to?” The good news is that there are a lot of great options out there, and each avenue offers its own set of benefits.

The first option that may come to mind is family or friends, and it is a viable option if they are in a position to help. Family and friends are your support structure, and we build these relationships in life for times of joy and times of need.

The Pitfalls of Borrowing Money from Family and Friends

Borrowing money from friends and family can put them in an uncomfortable position. It can put a strain on your relationships, and cause damage that may never be repaired. And the guilt from making those close to you responsible for your financial well-being can be hard to handle.

Avoid the Stress of Borrowing with a LoanMart Auto Title Loan

But what if there was a way to build a relationship around borrowing money? That is what we at LoanMart are offering. We have helped customers relieve financial pressure, without resorting to borrowing from friends and family. Many of our customers have been so appreciative of the quick and efficient way that LoanMart helps them borrow money, they have turned to us multiple times for assistance.

When you choose LoanMart as the way to get the emergency funds you need, you’ll be working with a cohesive unit that is designed to process your request quickly and efficiently, so you can get back to living your life. And best of all, you can continue to drive your vehicle while making your regular monthly payments on your auto title loan.

We encourage you to explore your options, and are here to answer any questions that may arise. Best of luck, and do not hesitate to contact LoanMart  to get the support and financial help you need.
Ready to Apply for up to $4,000 today?1, 3, 5 Apply Now
/* */