Best Reviews TopConsumerReviews.com Best Car Title Loans Best Reviews
Best Reviews
      June 24, 2019

Home  >  Car Title Loans  >  Loan Mart Review

Best Car

Title Loans

  1. Loan Mart
  2. Auto Cash USA
  3. 1 800 Car Title
  4. Loan Auto Title

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Worry Free Car Care Manual Newsletter

Latest Reviews

Cruise Vacations

Dental insurance

Government Grants

Learn to Read Programs

Menopause Relief

Online Fitness

Paid Surveys

Personal Trainers

Pet Meds

Wedding Planning Guides

 

Individual Reviews

Max Cash Title Loans

Loan Mart

Auto Cash USA

1 800 Car Title

Loan Auto Title

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Loan Mart Review

Best Car Title Loan Providers

To help you find the Best Car Title Loans, TopConsumerReviews.com provides you with an in-depth Loan Mart Review.

To see ALL of our reviews for the Best Car Title Loans, please Click Here

Car title loans help millions of people to quickly access cash in times of need. In today's economy, not everyone is fortunate enough to have money in savings or a generous friend or relative from whom to borrow. When unexpected bills arise, such as an expensive car repair or visit to the emergency room, it can be challenging to find the funds to pay them. Car title loans use your vehicle's title as collateral for a short-term loan, while still allowing you full use of the car for all of your everyday needs. When you repay the loan, the title is returned to you, hassle-free.

Why do some people choose car title loans over other ways to borrow money? First, most car title loans are available to customers who don't have high credit scores. Also, the amount of an car title loan is based on the value of the vehicle, so some car owners can get more money than with other types of loans, if they have a car that's worth more.

Continue reading below reviews

Best Reviews

2019

Car Title Loan Reviews

4 stars
Loan Mart

LOAN MART Visit Site

Fees:

Interest rates from 60% to 180% APR

Additional fees of approximately 5%

As part of Wheels Financial Group LLC, LoanMart provides car title loans in the states of California, Arizona, New Mexico, Utah, Missouri, Illinois, Alabama, South Dakota, and Wisconsin. Founded at a pawn shop in Sherman Oaks, CA in 1999, LoanMart is now the top car title loan provider on the West Coast, with more than 150,000 customers throughout the country. We were pleased to see that their "A" rating with the Better Business Bureau is further evidence that LoanMart is a reputable source for car title loans.

As with most car title loans, interest rates are high at LoanMart, ranging from 60% to 180% APR. Further fees were harder to determine, but from what we were able to find on specific state disclosures, you can expect additional fees of approximately 5% of the total of your loan, to cover application and origination costs.

LoanMart allows you to apply for your car title loan online or in person at a local participating store. Whichever route you choose, you should expect the application process to take around five minutes and to get your cash in 24 hours or less, via cash, check, or wire transfer. You can borrow up to 120% of the equity in your vehicle, more than any other auto title lender in our review.

We also like LoanMart's unique "Five Day Peace of Mind Guarantee". If you change your mind within five days of taking out your car title loan, you can return the funds at no cost (LoanMart waives the application fee and any other charges).

LoanMart is a great choice for your car title loan - if you happen to live in one of the nine states they serve. We would gladly increase their rating if LoanMart expands into more states, to better serve a wider range of customers.

Visit Site

Continued from above

However, car title loans have some disadvantages that you should consider. The main caveat is that if you do not repay the loan, you will lose your car as the lender will effectively be the new owner. This can jeopardize your ability to get to work, school, or other important destinations. Equally disadvantageous are the high interest rates charged by most car title lenders. Obviously, car title loans are a last-resort way to borrow money, given the high fees and the risk of losing your vehicle.

Still, being able to get the cash you need to pay overdue bills or for other pressing needs is important. When evaluating different car title loans, make sure to keep in mind the following:

  • Loan Amount. How much money do you need? A variety of loan amounts are offered by different lenders, and most have a minimum amount that you'll need to borrow.
  • Service Fees and Interest Rates. Will you be charged anything for processing the loan? What are the interest rates typically charged by the lender?
  • Convenience. Is the application process 100% online, or will you need to fax in any required documents? How quickly will the funds be transferred to your account?

TopConsumerReviews.com has reviewed and ranked the best Car Title loans available today. We hope these reviews help you find the right title loan for your short-term financial needs!

What Is a Title Loan?

A title loan, or car title loan is a short-term loan secured by the title to your car. Title loans are only legal in certain states, check the laws in your state prior to considering a title loan. ...

Published:  Mon, 10 Jun 2019 22:06:00 GMT



Used-car nightmare: Arizona dealer didn't pay off trades or transfer title to buyers

... drove away with two cars - and two car loans. The total number of victims is unclear, but customers who spoke with The Republic lost thousands of dollars and remain trapped in a web of car title ...

Published:  Mon, 17 Jun 2019 06:26:00 GMT



New Jersey woman waits years to get title to car she already owns

NUTLEY, New Jersey (WABC) -- Two years to get a car title -- that's the dilemma facing one driver who paid off her car loan, but then never secured a title showing she owned her car. This was a ...

Published:  Wed, 12 Jun 2019 15:09:00 GMT



Turn your car Into money with title loans

Are you out of saving funds? Facing a hard time paying debts? Life of course is uncertain. You may face ups and downs in it. You may have to make urgent payments like medical bills, utility bills, ...

Published:  Wed, 19 Jun 2019 01:34:00 GMT



Stowe resident accused of multi-million dollar auto loan fraud

The companies operated under names including Autoloans LLC, Liquidation LLC, Car Loan LLC, Sovereign Lending Solutions, and Title Loan America, according to court records and news reports. ...

Published:  Wed, 19 Jun 2019 17:58:00 GMT



Auto loan discrimination battle continues

The title of the hearing was, "Examining Discrimination in the ... With Waters at the helm of the committee, dealers and lenders can't necessarily count on the CFPB to keep auto loans and dealer ...

Published:  Sun, 09 Jun 2019 21:00:00 GMT



The Bottomless Pit of Debt That is Auto Title Loans

According to the Pew Charitable Trusts, over 2 million Americans take auto title loans annually. The report also indicated that only a quarter of the car title loan borrowers use their loans for ...

Published:  Thu, 30 May 2019 12:30:00 GMT



Arizona consumer groups want to crack down on high-interest car title loans

PHOENIX (3TV/CBS 5) --Arizona got rid of payday loans a decade ago because of exorbitant interest rates that preyed on low-income families. Now, some Arizona advocacy groups are pushing to crack down ...

Published:  Thu, 23 May 2019 19:13:00 GMT



Car Title Loans California Announces New Website Launch!

Car Title Loans California is proud to present a streamlined, updated version of their flagship site! LOS ANGELES, CA, June 06, 2019 /24-7PressRelease/ -- Car Title Loans California announced today ...

Published:  Wed, 05 Jun 2019 20:10:00 GMT



1st Choice Car Title Loans Bakersfield

1st Choice Car Title Loans Bakersfield offers low rates car title loans in Bakersfield, CA. If you own your Car, we will provide you with the requested cash in one hour, and you keep driving your car. ...

Published:  Fri, 07 Jun 2019 15:20:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure