LoanMart

LoanMart Reviews

formerly 800loanmart.com

4.3
874 reviews
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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.

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

Featured Reviews

Louisville, KY
Verified purchase
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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Dublin, CA
Verified purchase
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 36% to 99%, 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)

LoanMart also gives borrowers several ways to pay back loans, including:

  • Mailing certified funds or a check
  • Paying by phone
  • Online payments (one-time or automatic)
  • Using the LoanMart app
  • In person at a LoanMart location
  • Cash payment via PayNearMe 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?
    • 4,572,091 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.
    Page 1 Reviews 0 - 5
    Verified purchase

    Reviewed Sept. 26, 2024

    I found LoanMart on Google and decided to go with it 'cause it worked for what I needed. I was allowed to use my vehicle as collateral for the loan, and for the most part, the lending process was easy. It was easy to navigate the website, but there was a lot of pictures that I had to send, which was a minor inconvenience. I had to take six pictures of the vehicle and I uploaded them to their online portal. Other than that, it was fine. The whole process took like three days, and I was notified via email of the approval.

    The loan was contingently approved. LoanMart had to confirm that I shipped the title. They provided the label for the shipping, so it didn't cost me anything, but in my opinion, I should have just been able to send a picture of the title instead of having to go to the UPS store and ship it to them. However, as soon as it was scanned at the UPS store, then my loan was approved and the funding was in my bank account the next day. At first, I was skeptical of using LoanMart because I didn't know about them, but now that I've used their service, I would tell people that they're a trustworthy company.

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    LoanMart
    Response from LoanMart

    We appreciate you taking the time to review your experience with ChoiceCash. We’re happy to hear that you had a positive experience with us. Thanks again for sharing your feedback.

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      Verified purchase
      Customer ServiceOnline & AppStaff

      Reviewed July 14, 2024

      Advance America, a place that I used to do title loans with referred me to LoanMart. The application process was kind of difficult because they needed pictures of everything in certain kind of ways. Some stuff went through. I had to retake pictures of some stuff a different way to prove it was me, and with the vehicle and license plate and driver's license. It was a little difficult because they are a company in California. Overall, it was good. It just took four days, which put me in a bind because I needed the money a little quicker than that. But I was already in the process, so I just continued with it. Customer service was good. All the interactions were good. Everybody that I spoke with and the people that needed the information got back to me right away and received my emails and everything that I sent. Everything went through okay.

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      Response from LoanMart

      We appreciate you taking the time to review your experience with ChoiceCash. We apologize that the process took longer than you would have liked. We’re glad we were able to help. We truly appreciate your business and look forward to serving you again.

      Verified purchase

      Reviewed July 14, 2024

      I was trying to move and the only thing at that time that I had was my car title. Something came up and I just applied. There were a couple of others but LoanMart seemed to be the better fit for me. The application process was quick. I had to do my title, the pictures and the odometer reading and it wasn’t hard. The representative was very helpful and any questions that I had as far as walking me through it and following up was good. LoanMart had been above and beyond my expectations. I've been able to pay off and reborrow against my loan and even with that, had cheaper payments. If I was going to be late, they were very understanding. There was no hassle about that. I just made sure that if I had a date, I stuck with it. I would recommend that people try LoanMart if they need a loan. The approval odds are good.

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      Response from LoanMart

      Thank you for providing feedback on your experience with ChoiceCash, Sheyevon. We are thrilled that we were able to help with your financial needs. It’s always great to get positive feedback, and we are happy to hear you were 100% satisfied with the loan process. We’re happy to help whenever you need us again!

      Verified purchase
      Customer ServicePricePunctuality & SpeedOnline & AppStaff

      Reviewed March 21, 2024

      The application at LoanMart was really fast. It wasn't too into detail, but it took all the necessary information they needed. But it was a very smooth transaction. I was very surprised. Regarding their interest, they're a little high. But other than that, customer service and everything else was perfect. They communicated back and forth. I wasn't the one reaching out to them. They reached out to me. It was very easy. I thought it was gonna be a little bit harder than expected, but it was not. The app that they sent is very easy to work with. I'm happy about everything. My dog was almost gonna die and I needed this loan ASAP. I turned to them and they did their 100% to help me. For somebody who's in a tight spot like I was, I would really recommend LoanMart.

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      Response from LoanMart

      We appreciate you taking the time to review your experience with ChoiceCash. 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.

      Verified purchase
      Customer ServicePriceStaff

      Reviewed Feb. 25, 2024

      LoanMart's interest is high, but if you're in a position and you need to get money now or within the next day or two, I would highly recommend you for LoanMart. I understand these type of loans are not cheap, but if you're in a bind, they can bail you out. It helped my finances for a while. I've used them twice now. The second time was this last week and I didn't even make my first payment. I just paid them off. But the first time, I made six payments to LoanMart, and I paid them off. So, my experiences have been good.

      The lending process was fine. It was easy. I put in an application to LoanMart. They required certain photos of my vehicle. They had an outline of a vehicle when you pull the camera up to take the pictures and they denied 15 pictures saying, "Redo it," and that got frustrating. They said it was too dark or the picture wasn't at the correct angle. I finally got it right. But that was the only aggravating part with them.

      Customer support was good. One guy called me three times during the loan process to tell me what was going on. They did a wire transfer to Walmart, and he kept me updated on, "We're gonna send it within the next three hours." I was very pleased. I didn't know at the time that they were a title company. But they told me to send pictures of my vehicle, and they got back with me and told me how much loan I could get. So, I did it.

      I called the rep the other day to get a payoff, and when I pulled it up online, it would tell me how much my payment is, and it would give my grand total, but it says, "This is not a payoff." So, I asked the guy what my payoff was, and it was $100 more than the grand total on the computer. I called back the next day, got a different person, and she gave me the exact number for a payoff that it showed on the statement as the grand total. $3,140. But the rep said $3,240. I wasn't sure why there was a $100 difference, but that would be my main complaint if I had one.

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      Response from LoanMart

      We appreciate you taking the time to review your experience with LoanMart. 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.

      Profile pic of the author.
      Price

      Reviewed Nov. 27, 2024

      Got a loan from them last July and already paid over 8,000 to this company to pay this loan back and my balance is still over 8000. Being in my state my interest rates should not be that high at all. Will never do this again.

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      LoanMart
      Response from LoanMart

      Thank you for taking the time to share your experience. Your feedback is certainly not what we like to hear, and we appreciate you bringing this to our attention. Because we would like to ensure your privacy, we have addressed your concerns under separate cover.

      Resolution In Progress
      Verified purchase
      Customer ServiceOnline & AppStaff

      Reviewed Nov. 6, 2024

      LoanMart has very good customer service. Their application process took 24 hours and was very easy. The rep was very courteous and knowledgeable.

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      Verified purchase
      Staff

      Reviewed Nov. 5, 2024

      I love LoanMart. I love the team that I worked with. They were very knowledgeable and made sure that I understood everything. Ms. Mary was very caring. She was more concerned about me and making sure I got everything. She explained everything to me. The rate was a bit high, but it was an emergency. I needed it for a medical deductible for my surgery on the 6th, so it was fine with me.

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      Verified purchase
      StaffProcess

      Reviewed Nov. 5, 2024

      My loan officer at LoanMart was Maria and she was very helpful. Once she gave me an offer and I had all my paperwork in, the process took 36 hours. It was a smooth process. No headache. 1-2-3.

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      LoanMart
      Response from LoanMart

      We appreciate you taking the time to review your experience with ChoiceCash. We're glad we were able to assist and happy to hear Maria provided you with excellent service! We look forward to assisting you again in the future.

      Verified purchase

      Reviewed Nov. 5, 2024

      I had a good experience with LoanMart. I got a prior loan back with them in 2022. I used their service again recently and it was excellent. The rate was good.

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      LoanMart (formerly 800loanmart.com) Company Information

      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