FAQ

How much money can I receive?

You could receive $2,500 to $50,000 or even more depending on a variety of factors, such as your ability to make payments on a monthly basis, the equity of your car, and the condition of your car.¹ ⁵

 

Do I need to be employed to receive a car title loan?

It is not required that you be employed to receive a car title loan, but you must be able to show us that you could make monthly payments in full by providing documentation that proves your income like a bank statement.

 

Do you monitor what I use the financing for?

No – once it’s yours, it’s yours. We may ask if you would like to share that information with us in a customer comment form or testimonial, but this is completely your choice and we will not monitor the use of the money you receive.

 

How do I reach you?

You can contact us by our toll-free number if you have any questions or concerns at 323-284-2596, and we’d be happy to assist you.

 

My car’s title isn’t in my name, is that OK?

The title of your car must be in your name. However, if you share a car title with your significant other or parent, you may still fill out an information request form. Depending on how the names on the title appear, we may need the person who shares the title with you to accompany you when you sign our loan terms.

 

I don’t have the greatest credit score, could I still apply?

LoanMart allows any customer and resident of California to apply for a car title loan from LoanMart with any type of credit history. ¹

 

What is the cost of my credit going to be?

Our interest rates vary based on your state of residency, and the terms of the loan. Our annual interest rates vary between 60% and 180%. For a typical loan of $2500 at 90% interest, the average term is 18 months, with a payment of $257.57. The total scheduled interest on this loan would be $2136.26. The interest on a loan may vary based on the timing of your payments. Click here for the Utah Fee Schedule.