LoanMart
AUTHORIZED PARTNER

LoanMart

formerly 800loanmart.com

 3.7/5 (45 ratings)
  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars
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LoanMart

About LoanMart

LoanMart connects consumers with the cash they need through several options, including car title loans. Credit issues aren’t a problem. Customers can apply in minutes and get their cash in just hours. Contact LoanMart to see your borrowing options and full disclosures.

Overall Satisfaction Rating

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

Pros

  • Get approved in less than an hour
  • Get funds in as little as a day
  • Good credit isn’t required

Cons

  • High interest rates

Bottom Line

LoanMart offers car title loans to residents in 8 states. A good credit score isn’t required for approval, and you can receive funds in as little as 24 hours.

Top LoanMart Reviews

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Rated with 5 stars
Verified

LoanMart seemed to be straightforward, and their application process was short and straight to the point. The whole process took about four to five hours. The representatives were...

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Rated with 5 stars
Verified

Angelica provided excellent service! I will do business with you guys again should I need your service. The process was seamless and complete.. Please let Angelica know that she d...

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How does getting a LoanMart title loan work?

To get a title loan from LoanMart, apply on its website, over the phone or in a store. It’s free to apply, and you receive a loan decision with the amount you’re eligible to borrow within an hour.

LoanMart’s title loans are secured loans, which means the company uses your vehicle’s equity as collateral for your loan. You keep your car while you’re paying off the loan. A good credit score isn’t required to apply for or receive a loan from LoanMart. Interest rates range from 60% to 222%, depending on your contract. You need the following information to apply for LoanMart’s title loan program:

  • A car title registered in your name
  • Your government-issued ID
  • Proof of income
  • Proof of residence

If you need assistance during the application process, LoanMart’s loan specialists are available to help. To submit the necessary title loan documents, you can fax, email or even send a picture from your phone.

LoanMart payment options

Once you’ve submitted your documents, sign the loan contract and choose how you want to receive your funds. Your options include:

  • Electronic transfer
  • Check
  • MoneyGram (only at participating locations)

LoanMart FAQ

Is LoanMart available near me?
LoanMart is available in the following states:
  • Arizona
  • Alabama
  • California
  • Georgia
  • Missouri
  • New Mexico
  • South Carolina
  • Utah
Does LoanMart do personal loans?
LoanMart does not offer personal loans. Personal loan amounts are typically decided based on your credit score, while title loan amounts depend on the value of your car.

With LoanMart, your eligibility for a title loan isn’t dependent on your credit score, which makes these loans easier for people with poor credit histories to obtain.

Does LoanMart do payday loans?
No, LoanMart doesn’t do payday loans. Payday loans are typically for a smaller amount and have a quick payment turnaround, whereas title loans are for larger amounts with longer payment plan options.
How do I contact LoanMart?
You can contact LoanMart by calling its customer service telephone number or live chatting with a loan specialist on its website.
Are there multiple LoanMart payment options?
You can receive your funds from LoanMart in any of the following ways:
  • Electronic transfer
  • Check
  • MoneyGram (only at participating locations)

Is LoanMart legit?

LoanMart offers legit title loans that are easy to qualify for, but its services are only available in eight states and interest rates on its loans can be high. The company's simple application process and quick fund disbursement make it ideal for those who need cash for emergencies and are confident they can pay back the loan. If you’re searching for a title loan company, visit its website to see if its services are right for you.

LoanMart Reviews

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2 featured reviews
How do I know I can trust these reviews about LoanMart?
How do I know I can trust these reviews about LoanMart?
  • 3,772,050 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 5
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: May 5, 2022

Every time I called LoanMart, I was able to speak to someone and get the proper information. The only thing is the emails. I got some in my junk folder, but I did not receive all the emails as they were saying I was receiving them. For instance, to get the MoneyGram's information, I had to call in to get the numbers and I still haven't received the email for it, even though they said they sent it three separate times. Aside from that, I had no issues with anything else.

It was a relatively easy, straightforward experience. I knew what I was getting into and I looked at the reviews on everything. With that being said, you have to know what you're getting into and prepare yourself. A lot of the negative reviews were people that weren't prepared. Don't get a title loan if you can't afford it. It's meant for an emergency, not for extra walking around money.

LoanMart response

We appreciate you taking the time to review your experience with ChoiceCash. We appreciate your patience during the loan process and are sorry the process was not as smooth as it should have been and that you received electronic communications to your junk folder. We hope to be able of continued service with your financial needs in the future.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: April 19, 2022

    I did the quick walkthrough. We were pre-approved. I said, “Okay. Let me see if I can make this work.” It was midnight and I didn't know what LoanMart's hours were. So, I waited until the next day. They called me. I said, “It's just I want to make sure this is going to work first.” They shocked me on their customer service Quick and honest. They made sure I understood the amount of money it would be a month. They worked with me.

    We told the rep our situation. Because, at the time, I hadn't started work, but I had a contract for work. And she said, “Unfortunately, we wouldn’t have a loan for you, but you added your husband as a co-signer, we could.” And I specifically asked, “Would that change the rate or hidden fees or anything?” She said, “No. It’d be just exactly the same. I understand that’s the fear of a lot of people. It does not do anything other than just make it also reliable. Once you start getting paid, the payments go down every month, not drastically.” And I like that she told us that it didn’t go down drastically. So, the honesty was amazing with who we worked with. Also, she was very patient. I had to call my mom while we were on the phone with her to make sure that this wasn't a loan that we would get half-assed on. We settled.

    LoanMart response

    Thank you for your 5 star review! We’re happy to hear that you had a positive experience with us. Thanks again for sharing your feedback.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 18, 2022

    When I first made the call to LoanMart, I told them the exact situation. I said that the title was in my trucking company name, which is my last name and I asked them if they do the loan like that. They said they could. I found out from a guy named Javier that that couldn't happen. At that time, I was already wrapped up into the deal and I had to switch my title out my name. So, that was an inconvenience and it wasn’t too good of an experience. But after that, it was easy. I did the application and sent the pictures in, and I have a clear title. As long as you got the title in your name and not a company name and it's clean, then it's a smooth transaction. LoanMart was by the book. There was just nothing they could do.

    LoanMart response

    Thank you for the five-star review, Devin. We apologize for any miscommunication you may have received during your application process (in connection with the Title to your vehicle). We will ensure that we review and address your feedback to ensure that this does not happen again. We appreciate your business and are glad that we were able to assist you with your financial needs.

    We look forward to serving you again in the future.

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 15, 2022

    I ended up going with LoanMart because my grandfather passed in Michigan and we were trying to do a cremation ceremony to get him and fly him back home. I did a title loan and LoanMart was fast and on point. Their rep asked for pictures of the vehicle all the way around as well as the VIN on the driver's door. She wanted the mileage, a picture of the dash, a picture of me with the tag of the car, and a picture of the title initially. They then asked me to send the actual title and income information as well as my proof of residence. I did my light bill.

    The process took about three days. I didn't have a FedEx in my area to send off my title and they were waiting on me to send the confirmation that I had from FedEx. I pushed it out one more day. The process could have been done in two days if not for that. The only thing that threw me off a little bit was when they requested for me to sign the form and send it back to them via FedEx, they didn't tell me that I needed to send my title with it. All I sent was the form and they blew me up. I would have sent the title initially had they told me. I then had to drive 45 minutes again to a FedEx the following day and this was during my work day. But that was perfectly fine and I understood. Other than that, the process was smooth. LoanMart was convenient. I asked for an amount and they gave me what I asked for. The loan officers were consistent and they didn't hassle too much. The experience has been not bad so far so I would recommend Loanmart.

    LoanMart response

    On behalf of LoanMart we’d like to extend to you and your loved ones our most sincere condolences. Thank you for taking the time to share your loan experience with LoanMart. We are happy to have been able to assist you with your financial needs. We apologize for any miscommunication and inconvenience that you may have experienced. We will make sure to address this so we can avoid this from occurring in the future.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 22, 2021

    When I talked to people from LoanMart, they seemed very trustworthy. They would sit on the phone with me while I was driving from my house to Walmart to pick up the money. If someone was going to hoodoo you around, they sure aren't gonna sit on the phone with you while you drove there although I felt a little uncomfortable a couple of times because they all asked everything.

    There were a few hard times during the loan and application process. I could understand taking a picture of yourself, face to face, but they wanted a picture of you from each side. They wanted a picture of your face, your back, your front and your side to side. Then, they got where you had to turn to a 45 degree angle, which was hard. I could never capture that picture of myself. So finally, I had to figure out how to get ahold of them and tell them that I've tried taking all these pictures. I also got beside my car and took a picture of me because LoanMart wanted you to take a picture of yourself standing beside your car by the tags. I had to take a picture of the inside of the car, on the outside and the inside of it. If I'm gonna loan money to somebody, I'd want to see the car, too. So that wasn’t a problem to me. It was the 45 degree angle that was aggravating me.

    LoanMart response

    Thank you for the 5-star review, Pauline. We are happy to have been able to assist you with a ChoiceCash loan! We're sorry to hear that you had some trouble with some of the processes, and are glad that we were able to work through them together. We truly appreciate your business and look forward to serving you again.

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    Rated with 1 star
    Verified Reviewer
    Original review: May 16, 2022

    I paid off the loan and I never received my title back. Now I have to go out of my way to go to the DMV and have the lien removed. I wouldn't recommend them to anyone. Their customer service is absolutely terrible. DON'T USE THIS COMPANY!

    LoanMart response

    Thanks Darren for taking the time to leave a review. We take pride in treating every customer with excellent service and are sorry to hear that you are unhappy with the level of service provided to you. For further assistance, please contact us at compliance@loanmart.com so we can fully review and respond to you. Thanks again for sharing your feedback.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: May 14, 2022

    It was an easy experience with LoanMart. I just had to fill out some stuff, take pictures of the car and email them. I started the application process in the morning and I had the money in my account by the end of the day. The reps were very helpful and nice. They weren't foreign people. I can understand them.

    LoanMart response

    Thank you for the 5 review! It’s always great to get positive feedback, and we are happy to hear you were 100% satisfied with the loan process. We truly appreciate your business and look forward to serving you again.

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    Rated with 2 stars
    Verified Reviewer Verified Buyer
    Original review: April 30, 2022

    It wasn’t an easy process with LoanMart. I had to go to my local tag office, which is about 20 minutes from my house, to get the title fixed. Because I didn't know that the title had one number different from my address, which was my old address. So that dragged that out for a few days. It was on a Friday and my tag office was closed on Saturdays and Sundays. That following Monday, I finally went to the tag office to get everything done. They ran my credit more than once. After I did that, I tried to contact my loan officer, but it took him a while to respond. Then, when it came time for them to process the loan to my account, they had the information messed up. Someone told me I will get it the same day, but I didn't get it the same day. It was the next day.

    LoanMart response

    Thank you for taking the time to share your experience, Danielle. We are sorry to hear that your experience with us did not live up to your expectations. For further assistance, please contact us at compliance@loanmart.com so we can fully review and respond to you.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: April 29, 2022

    I reached out to LoanMart and I got help. It was the best move I could have made. Customer service helped me every step of the way and everything worked out. My rep was very professional and helpful. The process took less than 24 hours. This loan greatly impacted my life because I was in a loan that I had been paying for about 18 months and I was just paying interest on the loan. I paid over $7,000 for this loan that I only borrowed 2,500 on. I was never gonna get out of that loan unless I paid it off in full. I was very satisfied with LoanMart and I would recommend it to friends and family because it worked out for me. I would take another loan once I pay this off if I need it.

    LoanMart response

    Thanks much for the review, Princella! We are happy to have been able to assist you with your financial needs. We’re happy to help whenever you need us again!

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: April 20, 2022

    I've had a couple of loans with LoanMart, and it's simple and easy. They take a full size photo of the truck then check the VIN. The reps are professional too.

    LoanMart response

    Thank you for taking the time to share your loan experience with ChoiceCash. We have worked hard to establish an outstanding reputation for quality service. We hope to be able to serve you again in the future!

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    LoanMart (formerly 800loanmart.com) Company Information

    Social media:
    Company Name:
    LoanMart
    Company Type:
    Private
    Year Founded:
    2001
    Address:
    PO Box 8075
    City:
    Van Nuys
    State/Province:
    CA
    Postal Code:
    91409
    Country:
    United States
    Website:
    www.800loanmart.com