Title Loans in Lorain, Ohio

HOW TO GET A TITLE LOAN IN LORAIN

Getting quick cash can be easier than you think! With car title loans in Lorain, you can use your vehicle title as collateral for the loan and receive your money in as little as 24 hours. You can apply for a title loan even without the following:¹

1. Proof of a traditional 9-5 Job
2. Perfect Credit Score
3. Newer Car

One of the most common cars used to apply for a title loan in Ohio is the Ford Fusion, but different makes and models of cars can qualify as collateral for car title loans, including trucks and SUVs! As long as your car has enough positive equity and you can prove that you have the ability to make a payment on the loan, you can apply for a title loan in Ohio without a perfect credit score. Use ChoiceCash’s online title loan calculator if you want to learn more about the value of your car and get a title loan quote as soon as you complete the form.

USING TITLE LOANS FOR FINANCIAL EMERGENCIES

As a resident of Lorain, you can access a convenient application process online or over the phone through ChoiceCash title loans serviced by LoanMart. If you qualify for funding, you can choose direct deposit or have your funds added to a debit card to access your money in as little as 24 hours!¹ In some cases, eligible borrowers can get their funding the same day they are approved for a Lorain title loan.

You have the freedom to use your funds as you see fit, but some of the most common ways to spend your loan proceeds include:

• Home Renovations or Repairs
• Medical or Veterinarian Bills
• Rent Payments
• Other Emergency Expenses

If you are dealing with tough personal expenses, you are not alone. Apply for car title loans in Lorain, Ohio, and get the emergency cash you need to get back on your feet! Complete a quick pre-approval form online or call 855-422-7402 to start your application today. ChoiceCash title loan agents are available for extended hours six days a week to take your call and walk you through your Lorain title loan application.

WHAT ARE THE ADVANTAGES OF CAR TITLE LOANS IN LORAIN?

ChoiceCash car title loans come with a lot of advantages, including fast funding in as little as one business day!¹ Title loans can be a convenient way to get quick money to handle a financial emergency, but the benefits don’t stop at fast funds. Check out some of the perks of qualifying for ChoiceCash online title loans in Lorain, Ohio:

• Competitive Interest Rates and Flexible Loan Terms
• You Get to Drive Your Vehicle During the Repayment Process
• Convenient Application Online or Over the Phone
• In Some Cases, You Can Get Your Funds the Same Day You are Approved
• No Prepayment Penalties, Hidden Fees, or Balloon Payments

Use your car’s title as collateral for emergency cash and keep your keys while you pay off your Lorain title loan! As long as you stay on top of your payments, you have the freedom to drive wherever you need to go. Why wait to see if you are approved for the funds you need to deal with unexpected expenses? Call ChoiceCash’s toll-free number today or fill out a quick questionnaire to see if you are instantly pre-approved for a title loan in Lorain, OH!¹

WHAT ARE THE DISADVANTAGES OF LORAIN TITLE LOANS?

Over 13% of consumers in Ohio have severely delinquent debt according to recent data from the Federal Reserve Bank of Philadelphia. Paying your title loan according to the schedule in your loan agreement is important because one of the potential disadvantages of car title loans is vehicle repossession. If you struggle with your payments and default on your title loan in Lorain, the lender has the ability to seize your vehicle, and that is not ideal if your car is your main source of transportation. A vehicle repossession can stay on your credit report for up to 7 years.

If you can’t manage your current repayment schedule due to unforeseen financial hardship, make sure to let your lender know that you are struggling as soon as possible. In some cases, you may be able to discuss loan modifications or refinancing, so be proactive when repaying a car title loan!

CAR TITLE LOAN APPLICATION PROCESS IN LORAIN, OH

Ready to start the application process for car title loans in Lorain, Ohio? It can be simple and streamlined! Below is what you can expect your experience to be like when applying for a vehicle-secured loan.

Step 1: Find a Lender or Loan Servicer

Your first step should be to find a lender or loan servicer and choose how to begin your application. As a resident of Lorain, you have the option to apply online, over the phone, or at a storefront location. Applying online is typically faster and more efficient than applying in person at a loan store!¹

Step 2: Submit an Application and Provide Documents

If you decide to apply for a ChoiceCash title loan serviced by LoanMart, call 855-422-7402 to speak to a loan officer or conveniently start your application online by completing a short questionnaire! You can instantly find out if you are prequalified for fast cash title loans. If you are pre-approved for a Lorain title loan, the next step is to provide several documents to verify your information, such as your income and state of residence. Typically, you will need a valid, government-issued ID, like a REAL ID or an Ohio-issued driver’s license. You will be asked to submit other documents, including a car or truck title in your name, recent pictures of your vehicle, and proof of income and residence. When applying for a ChoiceCash title loan serviced by LoanMart, all of these documents can be submitted online through the document portal! You also have the option to send your photos and paperwork through email or text message to a loan officer.

Step 3: Sign Your Agreement and Get Your Money

After your paperwork has been reviewed, you will find out if you are fully approved for a title loan in Lorain, Ohio. If that is the case, the next step is to choose how to get your money and sign your loan agreement! As mentioned above, if you choose to receive your ChoiceCash title loan proceeds via direct deposit or add your money to a debit card, you can access your funds in as little as 24 hours.¹ If you prefer to pick up your cash in person, just visit any participating money transfer location in Lorain or another nearby city like Canton or Youngstown!

Step 4: Begin the Repayment Process

The last part of your loan application is to receive your money and begin the repayment process. Remember that as long as you stay on top of your title loan payments, you can maintain access to your car! If you qualify for a ChoiceCash title loan serviced by LoanMart, you can expect competitive interest rates and flexible loan terms.¹

HOW CAN I PAY FOR MY TITLE LOAN IN PERSON

Pay back your car title loan in Lorain at any MoneyGram location in Ohio. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-422-7402 to discuss your options with a loan expert, or see the map and location list below to see where your nearest MoneyGram is located: