LoanMart

LoanMart Reviews

formerly 800loanmart.com

LoanMart Reviews
4.3(840)

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

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 & Cons

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

Verified
Louisville, KY

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...

Read full review
Verified
Dublin, CA

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...

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 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

Stars Rating

  • 58%
  • 23%
  • 10%
  • 7%
  • 2%

Popular Mentions

    How do I know I can trust these reviews about LoanMart?
    • 4,460,553 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.
    Top reviews
    • Top reviews
    • Recent
    • Oldest
    • Most helpful

    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?
    • 4,460,553 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
    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.

    LoanMart
    LoanMart
    Pinned

    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.

    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.

      Thanks for subscribing.

      You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

      Verified purchase
      Punctuality & SpeedStaffProcess

      Reviewed March 21, 2024

      The process with LoanMart was too lengthy. There was a lot of back and forth paperwork because of them being out of state. Also, you have to pay the loan right back. Within the next 30 days is when it starts. I'm gonna ask for an extension and see how that works. But they worked with me. I went back to the place that referred me to them. I couldn't sign the loan for some reason and they kept on telling me it has to be signed online. After I was approved, the fund came 30 minutes later. They were quick.

      LoanMart
      LoanMart
      Pinned

      Thank you for providing feedback on your experience with ChoiceCash, Myra. We appreciate your patience during the loan process and are sorry the process was not as smooth as it should have been. Thanks again for sharing your feedback.

      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.

      LoanMart
      LoanMart
      Pinned

      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.

      Verified purchase
      Punctuality & SpeedStaffProcess

      Reviewed Sept. 7, 2023

      I needed some extra cash to move into a different place. I liked that I could do everything online with LoanMart and I didn't have to go into an office. The process was very easy and it only took a couple of hours. You talk to a representative about your needs so you can get preapproved. And then you talk to a loan officer to finalize any loans. They send you the paperwork and you sign electronically. They send you three options to get your money. All of them have been really positive, polite, and nice. They were always really patient with me when I asked questions.

      Overall, the experience was very quick and easy. There was no pressure at all. Sometimes, when you're dealing with loan officers, they put a lot of pressure on you. But LoanMart was very considerate. Every once in a while, they will send you an opportunity to get more cash if you need it, which is nice. They let you know instead of having you see if you can get more.

      LoanMart
      LoanMart
      Pinned

      Thank you for taking the time to share your experience, Shaun. We are happy to have been able to assist you with your financial needs. We look forward to being your financial resource again in the future. Thanks again for the positive review!

      Verified purchase
      Customer ServicePunctuality & SpeedStaff

      Reviewed Aug. 9, 2023

      The lending process at LoanMart was easy and fast. I just answered questions online and then called them. The only problem that I had was, finalizing it on a Saturday and they had sent it at 7 o'clock at night. I was already at work. So when I got up Sunday to do the document part of it, it was already expired 'cause they only left it for a couple of hours. And they didn't let me know that. But first thing Monday morning, it was all taken care of. I went and got my money Monday night. It wasn't really a big deal. The rep I worked with was great. Called me when she said she was gonna call me and took care of everything. I'd recommend LoanMart. Even over the weekend, I still had my money in 48 hours.

      Staff

      Reviewed June 2, 2024

      Do not deal with these crooks. I got a title loan from them in April of 2019, now it’s 2024 and I am still paying on same loan with no end in sight. They’re not the easiest people to deal with. I contacted them about two year ago wanting to know how much longer I had on my loan. The agent wouldn’t give me a concrete time frame. It’s like you will never pay them off. They just have you making payments forever. My loan should have been paid off by now. It’s been 5 years since I have paid them and no reduction in balance whatsoever. I’m thinking about pursuing legal assistance to get this resolved.

      Verified purchase
      Staff

      Reviewed May 22, 2024

      I liked the ease of the application process with LoanMart and their reps were great. The associate I worked with was knowledgeable, concise, and efficient. The entire process took me a few hours and I received the funding a day after. Their rate was a bit high, but at the time, it was an emergency, so I really didn't have a choice.

      Price

      Reviewed April 26, 2024

      LoanMart should be utilized as a last resort and avoided if at all possible. The rate of interest is exorbitant. Additionally, you will be charged a late fee if the payment is not made by the due date. The company does not offer a grace period and does not work with borrowers regarding payments. It is hard to conceive that a banking institution is no more than a loan shark with no interest in customer satisfaction.

      LoanMart
      LoanMart
      Pinned

      Thanks for taking the time to leave a review. We’re sorry to hear about your frustration – our aim is to make the ChoiceCash process transparent and easy from start to finish. However, if that has not been the case, please contact us at compliance@loanmart.com so we can fully review and respond to you. We truly appreciate your business and would be glad to address any concerns you may have.

      Reviewed April 26, 2024

      I only had a loan with them for 2 months and paid it off in full. I was told that I would have my title back within 15 business days. I didn't get it like they told. Don't trust them, they also have high rates...

      LoanMart
      LoanMart
      Pinned

      Thank you for taking the time to share your loan experience with ChoiceCash. We apologize that the title release process took longer than you expected. However, we trust that we have fulfilled our obligations as stated in the Agreement. Nevertheless, we ask that if you are having trouble, please contact us at compliance@loanmart.com so we can further review and assist. Thanks again for sharing your feedback.

      Customer ServicePriceStaff

      Reviewed April 16, 2024

      These people are SCUM. Please do not call them for help, find another way to make ends meet. Who charges these interest rates and sleeps at night? My son had a loan and I attempted to pay it off to avoid interest charges and they put me through hell and wanted my information, photos of my Debit Cards and all FAXED to them.. These people are PUKES, they make money off your problems and offer no REASONABLE help… Don’t do it! Stay away!!

      Loading more reviews...

      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