Monday, July 7th
2025 Car Title Loan Provider Reviews
Loan Mart
- Available in 20 states
- Loans often funded within 24 hours
- May be able to get funds via debit card or in cash at a nearby Walmart
- Automatic payment and interest rate deduction when you meet criteria
- "A+” rated by the BBB
LoanMart, tracing its roots back to a humble pawn shop in Sherman Oaks, California, has been a key player in the car title loan industry since its inception in 1999. With a customer base exceeding 250,000, this lender has built a reputation for providing hassle-free car title loans accompanied by exceptional customer service.
Get a preliminary quote with no personal data required
We love the straightforward process of finding out how much you can borrow using this platform. You'll choose your vehicle's year, make, and model, and then follow the prompts to indicate how many miles are on it and where you live. You don't even have to provide any personal data to get an initial quote, and we love that. So many car title loan services feel like all they really want is to get your name and number, but LoanMart shows you the money (so to speak) without any of that.
Broader service area now
And, we want to point out that some things have changed here since our last review. One huge plus is that LoanMart is now available in 20 states instead of just 8. The list of service areas now consists of Arkansas, California, Delaware, Florida, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Montana, Nebraska, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.
3 companies, one title loan
Also, when you start the process of applying for your car title loan on the LoanMart platform, you will be directed to a different website. For example, on a 2021 Toyota Corolla in Florida, we were given a quote of $10,762 and then told we'd be passed along to ChoiceCash to complete the application. ChoiceCash is fully serviced by LoanMart and backed by Capital Community Bank (who has an "A+” rating and accreditation from the BBB), so that's not a bad thing; it's just different from what we experienced before.
Easy to get your money
Once you've moved over to the ChoiceCash platform, you can either give them a call or complete the online process for your car title loan. When you've been offered a loan with terms you like, you could have your money in 24 hours. Neither LoanMart nor ChoiceCash goes into any detail about their rates, fees, or even the locations where you'd need to bring in your title, so you'll have to wait until you complete your application to find that out. But, from what we've gathered through customer comments, it looks like you can get your funds via debit card or even picking up cash at Walmart, which is pretty convenient.
Automatic savings
One perk of being a LoanMart/ChoiceCash client is that you'll get an automatic reduction in your interest rate and payments as long as your loan is less than 30 days past due at all times, it hasn't been modified, and your car hasn't been repossessed. How great is that?
Fantastic reputation
We're also happy to see what a solid track record LoanMart and ChoiceCash have. From that "A+” BBB rating we mentioned to more than 100 reviews on Trustpilot with a commendable 4.5-star average, this car title lender gets plenty of compliments (and that's not easy to do in this industry).
Exceptional choice if you're in their service area
Although we can't give LoanMart our absolute highest rating (mostly because they're not available in as many states as our #1 pick), we strongly recommend that you give this lender a try if you do live in one of their service areas. They're straightforward and will give you an idea of what you can borrow before you even give them your name. And, you can trust that they'll be honest in the way they handle your car title loan. LoanMart earns an excellent rating from us.
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The 8 Best Car Title Loan Providers
Where Can You Find the Best Car Title Loans?
If you find yourself facing unexpected financial challenges, you're not alone. Many individuals encounter sudden expenses that demand immediate attention. In times of urgency, when traditional financing options may not be quick enough to get the bills paid, car title loans can be a viable solution.
How exactly does this type of loan work? If you own a vehicle outright, you can use its title as collateral to qualify for a short-term loan. The beauty of this arrangement is that you don't have to park your car during the loan period. In fact, you can continue to use it as usual until the loan is fully repaid, and the title is signed back over to you.
Car Title Loan Provider FAQ
Continued from above...
One of the advantages of car title loans is that they often don't heavily weigh your credit history. The focus is on the collateral - your car's value - which makes this type of loan more accessible even if your credit score is less than stellar. However, this also comes with a warning: failing to repay the loan could result in the loss of your car, and the loan amount is capped at your vehicle's appraised value. So, while it's a great option for those with valuable cars, those driving older or less valuable vehicles might not benefit as much.
Another crucial aspect to consider is the high-interest rates associated with car title loans. It's not uncommon for these rates to reach triple digits. Before committing to such a loan, it's in your best interests to exhaust all of the options with lower interest rates first.
Your search for a car title loan provider can begin online. Keep in mind that most sites work as a referral service. They don't usually give you the money themselves, but instead connect you with partners in their network. That's largely because you'll always have to present your title in person somewhere.
All that being said, some websites are much better than others when choosing a car title lender. Here are some factors that can help you sort the good from the bad:
- Service area. First and foremost, make sure the site serves people in your state. Most car title loan sites aren't nationwide, so check out which locations are included before you give them your contact info.
- Ease of use. How easy do they make it to use their service? Does the website look outdated, or does it have typos that make you question whether or not they're legit?
- Reputation. Car title loans don't come with the most positive vibes in the world of finance, but they're a necessary option. How well does the lender or referral service do with matching borrowers in need with services that won't take advantage of them? Has the Better Business Bureau weighed in on the company with a strong rating or a low grade?
Navigating the landscape of car title loans can be challenging, but TopConsumerReviews.com has done the legwork to evaluate and rank the best options available today. Taking advantage of this information can help you secure the financial help you need right now, and hopefully relieve some of your money worries at the moment!
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