What Do I Need to Get Title Loans in Orem?
Do you need fast cash? Unlock funds in as little as 24 hours through car title loans in Orem! If your car is paid off or almost paid off, you can access up to $15,000 through title loans serviced by LoanMart. In order to get approved for a loan against your car, you will need to have a vehicle with enough positive equity and meet a few other requirements, including:1 3
- Be at Least 18 Years Old
- Have a Utah-Issued Vehicle Title in Your Name
- Provide Proof of Your Ability to Make Orem Title Loan Payments
If you fill out a short questionnaire online and you are initially approved for an Orem title loan, the next step of your application is to verify your information through documentation. In addition to having an eligible car title and proof of income, you will typically be asked to submit the following:
- Proof of Residence Through Utility Bills, Credit Card Statements or Offers, or Phone Bills
- Pictures of All Sides of the Car’s Interior, Odometer Reading, and VIN
- Utah Driver’s License or Another Valid, Government-Issued Photo ID
When applying for a car title loan in Orem, Layton, Tooele, or another city in Utah, you have the option to submit your paperwork and vehicle photos from the comfort of your home! Just upload everything to the document portal or send your paperwork via email or text message to a title loan officer.
Ready to apply for the emergency cash you need? Complete a pre-approval form online at your convenience or call a loan officer at 855-422-7412 to learn more about applying for car title loans in Orem, Utah!
What Credit Score is Needed For a Title Loan in Orem?
Some title loan lenders have a minimum credit score requirement, which means that your score must meet or exceed a predetermined number before you can be eligible for full title loan approval. If you are not confident with your credit score because it is below the 731 state average in Utah, you may be worried about your eligibility for a loan against your car.
Title loans tend to cater to borrowers with poor credit scores because vehicle-secured loans have less strict credit requirements than traditional bank loans. If you have a bad credit score, you can still qualify for a car title loan if you meet the lender’s requirements and submit the correct paperwork to verify your information!1
How Much Are Orem Title Loans Usually?
If you live paycheck to paycheck, you may not be able to plan for unexpected bills and expenses. One trip to the Emergency Room can completely throw off your monthly budget and leave your finances a little worse for wear. You might be wondering how much you can get through a loan against your vehicle.
The answer is that it depends, but the more your car is worth, the more you will be able to get through an Orem car title loan if you can provide proof that you have sufficient income during your loan request. There are a few different documents you can provide to verify your ability to make payments on your loan. You can submit recent bank statements, pay stubs, or another acceptable document that verifies your current income. Visit LoanMart’s FAQ page or call 855-422-7412 to learn more about the different paperwork you can submit when applying for online title loans in Orem!1
The value of your car is determined by a few different factors, including its age, make and model, trim level, and the number of miles on the odometer reading. Newer vehicle models tend to have more value than older ones, but both new and older cars can be used as collateral for title loans if they have enough value!
While you may know what you paid for your vehicle, understand that your car’s value will change over time. Use LoanMart’s online title loan calculator to get a vehicle value estimate 24/7! By filling out a short form and answering a few questions about yourself and your vehicle, you can get an instant loan quote with no obligation. The average loan amount for a title loan serviced by LoanMart in Utah is $5,533. If you are eligible for a title loan in Utah, you can get up to $15,000!1
How to Apply for Car Title Loans in Orem, UT
Applying for the funds you need to get back on your feet can be simple through car title loans serviced by LoanMart. If you’re ready to submit an application, you can expect the process to follow these three streamlined steps:1
Choose How to Apply
As a resident of Orem, you have the option to start your application over the phone or online! To apply for a car title loan in Orem, you can fill out a quick questionnaire 24/7 or call 855-422-7412 to speak with a loan officer. If you decide to start your loan request over the phone, an auto title loan agent can walk you through the steps and answer any of your questions!
Gather and Submit Your Paperwork
Prequalified Orem residents will need to submit several documents during the second step of their title loan applications. Choose the available submission option that best fits your preferences!
Sign Your Agreement and Get Your Funds
The last step of this quick process is to sign your loan agreement if you are fully approved for emergency funding! You have a few different options to receive your loan proceeds, including the following:1
- Get a Check in the Mail
- Direct Deposit to a Bank Account
- Pick Up Your Money in Person at a Participating Money Transfer Location in Orem
If you are eligible for a title loan serviced by LoanMart in Orem, you can get your money in as little as 24 hours if you decide to receive your funds via direct deposit!3
Benefits of Title Loans Serviced by LoanMart in Orem, Utah
Through a title loan serviced by LoanMart, you can unlock funds with your car’s title and use your loan proceeds to handle different personal expenses. On top of fast access to money in as little as one business day, you can take advantage of other perks if you qualify for a title loan in Orem, Utah:1 3
- Competitive Interest Rates
- Flexible Loan Terms
- Stay on the Road While You Pay Back Your Loan
- Bad Credit or Past Bankruptcy is Not an Issue
- Convenient Repayment Methods
- No Hidden Fees or Prepayment Penalties5
- Complete Application Transparency From Start to Finish
Don’t wait to find out if you qualify for the emergency funds you need to deal with a tough financial situation. If you need cash for unexpected bills or expenses, you can apply for car title loans in Orem, Utah, today! Complete a short pre-approval form online or call 855-422-7412 to speak with a loan officer. Sometimes, eligible residents of Orem can get their funds the same day they are approved.3
