Follow us:
Accredited Partner

LoanMart

formerly 800loanmart.com

LoanMart
Overall Satisfaction Rating 4.30/5
  • 5 stars
    101
  • 4 stars
    13
  • 3 stars
    5
  • 2 stars
    1
  • 1 stars
    17
Based on 137 ratings submitted in the last year

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.

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.

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

Top LoanMart Reviews We Found

Why Trust ConsumerAffairs
How do I know I can trust these reviews about LoanMart?
  • 2,738,254 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.

Rated with 5 stars
Verified Reviewer Verified Buyer

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 very helpful and they answered everything. LoanMart helped me a lot. They gave me the money and bailed me out.

Read full review
Rated with 5 stars
Verified Reviewer Verified Buyer

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 did an excellent job helping me with this process. Thank you for all your help...

Read full review

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

Sort: Top reviews
Filter by: Any

A link has directed you to this review. Its location on this page may change next time you visit.

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?
  • 2,738,254 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 - 10
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Oct. 27, 2020

I do business with ACE Cash Express, and I asked about LoanMart through there. They told me who LoanMart was and what exactly they did. After I heard of the way they helped people knock their principals down the way they do, I was enticed quite a bit, so I took advantage of it. The application process was simple and easy. If I'd had everything right the first time, it would’ve taken about a couple hours, but it took me at least four hours to get it all straightened out right. Once I got to know the particulars as to how the application worked and what meant what, it made sense to me, so it was more understandable for me.

For the most part, it was figuring out quickly exactly how I was gonna send whatever I had to send and how the application worked. How the documents were loaded on the app was the biggest hang-up, but once I got the hang of it, it went through the way it was supposed to. LoanMart made quite a bit of an impact for me. It made it convenient for me to help me out when I needed the title loan. It's a lifesaver if you can afford what they're offering. For the most part, it has helped me quite a bit financially right now during these dark times.

LoanMart response

Thank you for taking the time to share your experience Francisco. We have worked hard to establish an outstanding reputation for quality service and credits our dedicated employees to our success.

Be the first one to find this review helpful

Not sure how to choose?

Get buying tips about Payday and Title Loans delivered to your inbox.

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 21, 2020

    I needed a loan and it seemed like LoanMart's fees weren't as high as other businesses. So, I thought it was a good idea just to use them. The application process was very easy. But they kept calling me instead of writing everything down that they needed me to do. They kept calling me telling me that they needed this, and then they needed me to resend this. I still haven't got the loan from them. I've been waiting since last week because one of the loan officers put the wrong routing number in there after I sent him my account number and the routing number. I signed the documents. I signed them off from my phone, so I didn't look at the routing number to make sure because I already sent it to him. But he put a different California number in there.

    I sent my title off last week. I was supposed to get the money Thursday morning. I thought it was a scam because I just sent them my title to my car, but I haven’t got anything. They made me wait and wait, and I'm still waiting. That’s the only problem I’m having with them right now. Everything else was good. They were nice about it. They kept apologizing. I know a friend that wants to get a loan through them but they're leery. They're waiting for me to get my money first. If LoanMart puts the money on my account like they said there, then they’re gonna go to LoanMart.

    LoanMart response

    Thank you for taking the time to share your experience Millian. We work hard to establish an outstanding reputation for quality service and apologize for the less than optimal experience.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 10, 2020

    My previous experience was good. It was a blessing because it got me out the hole I was in, bill-wise. But I was a little thrown off with the new loan. I paid off my previous loan way ahead of time, so that’s why they didn't have a problem with extending credit to me again this time. But this time was different. I was supposed to move at a certain time and my new place wasn't ready when I was supposed to get there. So that made me incur extra cost that I didn't anticipate. I called the other day to try and explain my situation to the young lady. I asked her if they could extend my due date to the 3rd and they could take it directly on my account. She said, "No. It’s gonna have to go to the delinquency department." But I didn't have this problem the first time around, so I'm not understanding what the problem is this time. They know that I take care of business with them. Other than that, I've had an awesome experience with them.

    LoanMart response

    Thank you for taking the time to share your experience with Wheels Financial Group, LLC dba LoanMart (“LoanMart”). LoanMart is a service provider for Capital Community Bank (“CCBank”), a Utah Chartered bank, Located in Provo, Utah Member FDIC and is replying to you on behalf of CCBank. LoanMart takes pride in treating every customer with excellent personal service and is sorry to hear that you are unhappy with the level of service provided to you. LoanMart is reviewing your concerns; a detailed response will be mailed to you to the address on file. If you have any questions, please contact compliance@loanmart.com.

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 6, 2020

    LoanMart was more understanding and the process was very simple. I went with them and my experience went very well. I was having a family emergency at that time and the service was perfect. I just had to submit everything through text message or email. As soon as I did that and showed them that I sent off my title, they sent the money right away. One of the first people I talked to was very energetic, very helpful and very insightful. I didn't understand exactly how to send my title. They texted me right back or they emailed me right back. It seemed like they were really there to help. I didn't have to wait like a whole day or two for an answer to my question.

    Because it was new to me to find like a mailbox or a place to send off my title, the process took a little bit. But if I would have known about that part and I knew where to go here in my hometown, then it would've been real simple. I could've gotten it all done in one day. But it just took until the next morning for me, the next day after that, to get it all done and completed. All loans are kinda expensive and the only downfall is the payback is kinda expensive. But it's okay. LoanMart is good for when you need it.

    LoanMart response

    Thank you for taking the time to share your experience. We take pride in treating every customer with excellent personal service.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 21, 2020

    Everything is working out great with LoanMart. I took out my first loan in December, and at the end of February, I paid it off. Then something came up and led me to take out another loan because I was kinda wanting to build my credit up and I needed some extra cash in-between time. So, I was happy I did it because now, we're off of work. The Coronavirus is here and we're on a shutdown. So, it was a very big help that they gave me the loan again. It wasn't what I wanted, but I made it work.

    For my first loan, I made my first payment in January, then my next bill due was on the 13th of February. But I was explaining to the lady that I wanted to pay it off the 28th when I'd get my income tax check because I didn't wanna use the money that I had at the time. I was going through this epidemic while going back and forth sharing cars with my husband. Everything was a little slow and I didn't really like sharing my car. But he finally got his fixed after a couple of days. So, I let LoanMart know that I wanted to pay them on the 28th but they were forceful and said that I had to pay it on the 13th. I told them that I couldn't pay it at the time because I didn't have the money for it, but I was gonna pay them the $3,000 something back in less than a week.

    They said that I was gonna get penalized for it and I told them that that was kinda unfair. I was also hoping the penalty would be taken away since I was gonna be late for a week but I was about to pay the whole thing off. Instead of me paying them $600 something, I was about to pay them back all of the money that I still owed after paying one payment. In the end, I completely paid them off in February and they were happy that I did. As for my second loan, they told me that I would be able to get back something and I didn't get that back. So, I didn't like that because nothing had changed except my mileage. Also, there were a lot of hidden details that weren't explained that I didn't like. Still, their program is better than all these other programs where they wanna go by your credit score and things like that. LoanMart's process is also a little bit easier than that of other companies where I've taken out loans before.

    LoanMart response

    Thank you for your kind words. We continue to strive towards excellent customer service and we sincerely appreciate the positive feedback from our consumers.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Jan. 9, 2021

    I checked my full loan amount December 8th 2020, checked yesterday and it was 422$ higher. With daily interest rates I will never pay down my loan. I didn’t understand that there would be daily Interest Accumulating. It’s like they want you to never pay off your loan off.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 5, 2021

    It took a day to receive the loan from LoanMart and I was fine with the process. It helped me pay what I needed to pay.

    LoanMart response

    LoanMart encourages its employees to achieve personal success and based on your positive feedback, we've accomplished this goal. Thank you for taking the time to share your experience.

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 30, 2020

    The reps were okay, but it took so long for the process. They said it would be within one day, and it took a couple of days for me to even get approved and the money released. I didn't know the interest was that high as well. My goal is to pay it off at once on the first payment, but the interest is so high. It takes you forever and then once you get stuck, and the whole point of somebody having your title, I would never do this again once I pay it off. I just needed some money fast and that was the only resort I had. Overall though, LoanMart's customer service was great.

    LoanMart response

    Thank you for sharing your experience Phenique. We apologize for any delay and are happy to have been able to assist you during your financial needs.

    Be the first one to find this review helpful
    Rated with 2 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 29, 2020

    It was a long process. They required certain stuff. I was the person that returned calls. LoanMart would say they would call me back in an hour, but it would be a another day, I would call back. They were not consistent in telling me my next process. And then I thought the loan I originally got was not clear on the information. They said that I could pay it back anytime, at any given time. I was thinking, “Why would he take three years to pay $1,200 back?” Information was not good. I wanted to pay it off in March. I'm still not clear, do I pay the whole three years of what was originally planned or what will be the amount for it in March?

    But the loan helped me in my everyday life. My payment is not due until the 15th. But if it's what I think it is, is they're asking me on a $1,200 loan to pay them back $5,000 no matter how early I pay back or how late. I can see if I took it to three years then that's acceptable. But if I'm saying, “Hey, five months from now I'm just gonna pay, do I still pay the $5,000?” For instance, I've had the loan for six months, do I use the percentage rate six times? I'm thinking, “Okay. Let me buy me time for three months.” But I'm thinking, “Doing three months, so I pay this $5,000 back?” Because then, after I got it, I read reviews. I wouldn't have put the loan had I read reviews first.

    The bad thing is they did not tell me step-by-step. I had to figure it out on my own. I had to keep calling like, “Are you guys sure? Did someone supposed to call me back?” “Oh, we're sorry.” Then I'm on hold with the person while he is processing it for 35 minutes. People are doing things right now with high interest rate. So, they're nervous about it. If they could be more comforting and explain it more like a person doesn't have a clue. I speak for other single parents who call in panic mode. That's how people get to where they're going. It's an important thing. It should be explained thoroughly. By the time I realized what I've done, I already signed the papers.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 28, 2020

    At first, I thought LoanMart was a scam, but then I just kept on going through the thing because I've never done it before, and some of the things seemed odd. But I understand that a lot of the things that they asked, they needed a real signature. You couldn't do a signature over the phone. And then the mailing of the title to them before you got your money got me worried. But I understand they don't want to give out money and then not get the title. Other than the fact that I had to get over my fear of doing something over the phone, it is what it was. Just you hear about people getting their identity stolen all the time. They were always there when I called and asked questions.

    LoanMart response

    LoanMart encourages its employees to achieve personal success and based on your positive feedback, we've accomplished this goal. Thank you for taking the time to share your experience.

    Be the first one to find this review helpful
    Loading more reviews...

    LoanMart (formerly 800loanmart.com) Company Information

    Social media:
    Company Name:
    LoanMart
    Company Type:
    Private
    Year Founded:
    2001
    Address:
    15400 Sherman Way, Suite 170
    City:
    Van Nuys
    State/Province:
    CA
    Postal Code:
    91406
    Country:
    United States
    Phone:
    (888) 851-2008
    Website:
    www.800loanmart.com