Title Loans in Utah

What Do You Need for a Title Loan in Utah?

Are you looking to unlock emergency cash with your car title? You will need to meet the initial requirements to get title loans in Utah, which are:¹

1. Be the Legal Age to Apply for a Title Loan
2. Provide Sufficient Evidence of Income
3. Have a Title to a Qualifying Car or Truck in Your Name

The initial requirements for a title loan in Utah are fairly simple and straightforward! Additionally, you will need to upload a few documents during the application process to verify the value of your car and your information. Here’s a list of the documents you need to provide to obtain approval for title loans in Utah:¹

• Proof of Income and Address
• A Utah Car Title in Your Name
• A Valid, Government or State-Issued Photo ID
• Recent Photos of Your Vehicle

Utah borrowers will also need to meet the title requirements in Utah. Typically, eligible borrowers in Utah will need to complete and sign a Utah Division of Motor Vehicles form TC-656, also known as a “Vehicle Application For Utah Title”. Applicants can receive assistance with this form during the application process for a title loan serviced by LoanMart.

Fortunately, it can be quick and convenient to apply for a title loan serviced by LoanMart. You can fill out a short inquiry form to find out if you qualify for instant pre-approval! All of the required documents can be easily uploaded online or sent to a title loan agent via email / text message. You may receive access to quick funding in as little as 24 hours if you qualify!^{1 3}

How Do Car Title Loans in Utah Work?

Car title loans in Utah can allow qualified borrowers to pledge the title of their car or truck as collateral for money. Since title loans are secured loans, the initial requirements are relatively simple, and the application process is flexible.¹

Typically, title lenders will run a credit check on an applicant, but other factors can be more important during the application process. A qualified applicant can borrow a percentage of their car’s total market value through a title loan. Your eligibility for a title loan will thus depend on the current value of your car and also on your income. Typically, a title lender will check your ability to repay the funding before you can qualify for title loans in Utah.¹

Find out if you qualify for online title loans in Utah or over the phone today! The pre-qualification form only takes a few minutes to complete. Or, you can call 855-422-7412 to speak directly with a LoanMart title loan agent.¹

What’s the Most You Can Get for a Title Loan in Utah?

Most title lenders can let borrowers access anywhere from 25-50% of their vehicle’s value if they qualify for a title loan. The most you can obtain through Utah title loans is largely based on these two factors:¹

• The Total Value of Your Car
• Your Ability to Pay the Loan Amount You are Eligible For

You can use this online calculator tool to receive a car equity estimate or loan quote, free of obligation to LoanMart borrowers!¹

Can I Get a Title Loan on a Financed Car in Utah?

Yes, it is possible to get a title loan on a financed car in Utah as long as your car has a sufficient amount of positive equity. If you are still making payments on your vehicle, the title lender may have you complete and sign a form authorizing them to pay off your existing car loan. A title loan agent can assist you with this form during your loan application.

A vehicle can have positive equity if its current value exceeds the amount of money that is owed on it. You can use LoanMart’s online calculator tool to get an estimate of the current amount of equity in your car!¹

What are the Pros and Cons of a Title Loan in Utah?

Title loans in Utah can offer qualified applicants many different advantages, including a quick application process and a convenient way to unlock cash with your car’s title.¹

LoanMart can also offer the following benefits to eligible borrowers:³

• You Don’t Need a Perfect Credit Score: People with bad credit may not be able to obtain an unsecured loan from a traditional bank or credit union. However, because title loans are secured by collateral, the approval process can be much more flexible – even if your financial history isn’t perfect! It is possible to qualify for title loans in Utah with bad credit.¹
• No Prepayment Penalties: There are no prepayment penalties or hidden fees with title loans in Utah serviced by LoanMart.^{1 5}
• Several Ways to Repay: Borrowers can choose from one of the following ways to repay their title loan serviced by LoanMart:
  • Pay by Phone
  • Automatic Withdrawal From a Bank Account
  • Visit a Participating Money Transfer Location in Utah
• Apply Online or Over the Phone: You can apply for title loans online or over the phone without leaving your couch! Call 855-422-7412 or visit the LoanMart website to find out if you qualify for Utah title loans today!¹

There are some potential risks associated with title loans. For example:

• Car Repossession: The title lender may repossess your vehicle if you default on your loan! Be sure to notify your title lender or loan servicer immediately if you are having trouble repaying your loan.
• Lowered Credit Score: If you default on your title loan and your car is repossessed, your credit score could also be negatively affected.

Where Can I Get Title Loans with No Store Visit in Utah?

You can get title loans in Utah online or over the phone! Take a closer look at the quick, three-step process to apply for online title loans in Utah:¹

1. Click Or Call: Fill out the prequalification form on the LoanMart website or call 855-422-7412 to find out if you qualify for instant pre-approval.¹
2. Upload a Few Documents: A title loan agent will then ask you to upload the required documents online or submit them via email / text message.
3. Get Your Money: The final step of the title loan application process is finding out if you are eligible for loan approval! Qualified borrowers can receive their title loan funding in as little as one business day. You can get your money sent directly to your bank account ^{1 3}

If you’re a Utah resident who needs emergency cash, you can apply for a title loan serviced by LoanMart! You don’t need a perfect credit score to qualify, and eligible borrowers may receive their funding in as little as 24 hours. Start your inquiry today by filling out the pre-approval form online. Or, just call 855-422-7412 to speak with a LoanMart title loan agent! It can be that simple to apply for car title loans in Utah.^{1 3}

Pay Back Your Title Loan Serviced by LoanMart in Utah

Because Title loans serviced by LoanMart are so innovative, borrowers could receive advantages with the funding process. Title loans serviced by LoanMart allow eligible people to have access to emergency funding without having to travel too far.¹

Title loans serviced by LoanMart allow eligible borrowers to repay their loans in a convenient way. No matter where you are in the state, chances are that there will be a MoneyGram location near where you live or along your daily commute.

Not sure where the closest MoneyGram location is to you? Check out the map below along, which features a dropdown list of a few MoneyGram locations throughout the state of Utah:

Utah - Key Financial and Indebtedness Figures

The below table provides some of the key income, loan and financial statistics for Utah which are intended to give you a better understanding of how your financial circumstances compare to other Utah residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:

What Places in Utah Can I Get a Title Loan Serviced By LoanMart?