Loanstar Car Title Loans Review in 2022

Loanstar Title Loans

LoanStar Title Loans is a leading provider of collateralized loan solutions in the United States. Since its inception in 1998, LoanStar has helped thousands of customers with their short-term financial needs. 

The process is simple and straightforward – customers can use their vehicle’s title as collateral to secure a loan, and they can receive the cash they need in as little as 30 minutes. LoanStar offers competitive rates and repayment terms, and there are no hidden fees or prepayment penalties. Best of all, customers can keep their car while they repay their loan. If you’re looking for a fast and convenient way to get the cash you need, LoanStar Title Loans is the right choice.

Remember that the title to your automobile must be free of liens to apply for a title loan. If your title contains a name other than yours, you must apply in person and bring that person with you.

HOW ARE LOANSTAR TITLE LOANS REPAID?

LoanStar provides several payment methods, including online, cashier’s checks, cash checks, money orders, debit cards, and Western Union. You can decide whether to pay back in one large sum or through regular installments.

They may take your automobile if you don’t pay back your LoanStar Title Loan. Nevertheless, you can be given a 10-day grace period. LoanStar will charge you a fee of either $7.50 or 5% of the outstanding balance if you can still not repay the loan.

LOANSTAR DOCUMENTS NEEDED FOR TITLE LOAN APPLICATION

You may get approved for a Title Loan from LoanStar with little information. When submitting an online application, you must include your contact information, car’s year, make, model, and date of birth. Prepare your vehicle, a government-issued photo ID, and your lien-free auto title for your visit to a LoanStar location.

RATES, FEES, AND TERMS FOR LOANSTAR

For $100–$10,000 Car Title Loans, LoanStar charges an APR ranging from 315–382 percent. 

Depending on how you repay the loan, the terms change. The conditions are limited to 30 days if you pay the money back all at once. You have up to 150 days to pay back the LoanStar title loan if you would instead make monthly installments.

A lien charge of $28 or $33 is additionally due, depending on your county and the interest. 

Before signing the loan agreement, thoroughly read it for more in-depth information.

IS LOANSTAR LEGAL? 

The Texas Office of Consumer Credit Commissioner has recognized LoanStar as a legitimate title loan provider to offer secure and authorized Car Title Loans to state citizens both online and in person. Your personal information is protected and secure since they use 128-bit SSL encryption. 

The Gramm-Leach-Bliley Federal Information Safeguarding Law and federal and state privacy regulations are all observed by LoanStar.

APPLICATION PROCESS 

You must visit one of the company’s Texas sites to obtain a title loan from LoanStar Title Loans. If it is more appropriate for you, you can begin the process online or over the phone and conclude it there. You may receive a quote and get pre-qualified if you decide to apply online. 

Then, a business representative will contact you to go through the specifics and arrange for your visit to the local office.

Even if you are self-employed, jobless, or have a low credit score, you are still eligible to apply for a loan with LoanStar Title Loans. What you require is your car, a photo ID, and the lien-free title for your car.

The good news is that it’s straightforward to get approved. You visit the LoanStar Title Loans branch of your choice and give some basic details, such as Social Security number, your name list of assets, and source of income. 

While you wait, the company evaluates the worth of your car and decides on the loan amount based on your requirements and the car’s value. The entire process typically requires less than twenty minutes, and you may leave with the required money.

PROS

  • Obtain financing regardless of credit standing.
  • Direct lender
  • Clear terms and conditions
  • Reputable company
  • Get cash in less than twenty minutes
  • Quick approval

What choices do I have for repayment?

By visiting a LoanStar location, you can pay using cash, a check, a money order, or a debit card. You can also make a payment online through the LoanStar website. Cashier’s checks and payments paid through Western Union are also accepted by LoanStar.

Before a late fee is assessed, there is a 10-day grace period. If you don’t pay your debt back on time, LoanStar will charge you either $5 or $7.50, whichever is higher. Additionally, you run the possibility of being repossessed, which may place you in a far worse financial scenario if you don’t make your loan payments or default on it.

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My Name is Jay has and I have a passion for financial writing. I am the chief writer on this blog. I do my best to verify all the information but if there is anything amiss please let me know and I will do my best to correct it.

Author: Jay Batson

My Name is Jay has and I have a passion for financial writing. I am the chief writer on this blog. I do my best to verify all the information but if there is anything amiss please let me know and I will do my best to correct it.

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