TMCnet Feature
March 27, 2019

Enhancing the Lending Industry with Superior Services

The Lending Industry on the Economy

How many times have people found themselves short on cash, worried while seeking from where to get that extra buck to move forward? And if someone is not comfortable with their bank or credit union’s terms or have bad credit when applying, an online lender might cater to their specific needs. But making the right choice when it comes to selecting a legitimate company is not a walk in the park. And it seems that “In the past year, 34% of Americans have taken out personal loans – that’s roughly 83.5 million people. Whether it be through an online lender or a good old-fashioned bank, Baby Boomers, Gen X-ers and Millennials all turn to borrowing to get out of a stressful situation.”

But what role does online lending plays on the country’s economy? A study conducted by NPD Analytics based on data collected from 2015 to 2017 reported the following:

  • Facilitated $10 billion in online loans.
  • Generated $37.7 billion in gross output.
  • Created 358,911 jobs and $12.6 billion in wages in U.S. communities.
  • Are filling a critical financing gap for small business owners across industries.

As a result, the impact these financing options pose for people and small businesses is stimulating and thrilling, contributing to the nation’s economic well-being.

Lending Awareness

Generally speaking, everyone is aware that the lending industry does not have a great reputation as many scams and phantom firms have surfaced, tricking people in need into believing their legitimacy, while being ripped off. Therefore, there are a few simple things to consider before signing a loan with a business.

First of all, before you shake hands on any deal, pay attention if the company’s representative does not ask you about your credit check because it is a red flag. They need to know your credit score in order to establish the proper plan for your collaboration. And a scammer will simply omit this aspect.

Afterwards, check and see if the lender is registered in your state. States require lenders to register for a license and if you discover a business licensed in other states but does not to operate in yours, don’t respond to its lending inquiries.

Second of all, when a getting a loan, the payment should not be upfront because it needs time for processing. Also, if they tell you that your offer expires soon and you must act on it now, it is a sign of a fraudulent company using pressuring tactics to lure you in. So, it’s best to stay away.

Fortunately, there are many legitimate, amazing lending companies that are regulated, with years of experience on the market and trusted by thousands of customers. And such an example is LoanMart.


LoanMart is a leading technology company providing non-traditional lending services since 2002. An advantage they have is the fact that they provide loans directly to consumers, as well as through a network of business partners. And the processing is faster than other businesses. Additionally, their form of financing enables car owners to achieve their financial objectives. If you are wondering how, they are able to fund most loan requests because their financing is secured by the value of the car and afterwards, they check that the loan can be paid back by the borrower.

At the end of the day, LoanMart’s ultimate goal is to provide an unparalleled customer experience while being a financially responsible company, with happy clients. But what exactly makes them one of the top lending companies in the USA?

  • Fast Cash

The application process is one that saves customers time, taking about five minutes; meaning people can expect to drive away with cash in 24 hours or less. They will simply have to specify the desired payment method, and the money will be send electronically, through MoneyGram (News - Alert) (News - Alert), by check. Or, they can pick up the cash by visiting a participating store location in their neighbourhood.

  • Competitive Interest Rates

With a comprehensive market analysis and a decade of experience, they are qualified to offer clients the best possible loan. They do so by collaborating with their customers to customize a payment plan that fits their lifestyle.

  • Professional Process

They value transparency so that current and future clients feel safe and taken care of. All information is provided upfront before anyone signs any agreement. Potential customers may freely decline the loan at any time before it’s signed, if they feel it is not the right option for them. There is no pressure. And unlike the competition, LoanMart will never sneak in any hidden fees, pre-payment penalties or ask you to make balloon payments.

  • Refinance Existing Title Loans

In some situations, potential clients might need refinancing. This business may be able to help individuals refinance a title loan that they have from one of their competitors. They will do their best to try to help you get a new and improved car title loan with them instead, so you can get the breathing room much need.

Besides helping individuals get the money they need, LoanMart takes their business to the next level by educating their clients. As a result, they introduced MoneyTalk, a new website portal dedicated to providing knowledge, tips, and tricks that people can use to do more with their money. MoneyTalk is where years of helping customers and years of financial expertise come together to expand the company’s offerings beyond simple lending.

Supporting the Community

LoanMart is proud to have a history of sponsoring events, charitable organizations, scholarships and sports teams across the West Coast of the United States. If you are wondering why, it’s because they wish to give back to their customers by giving back to the communities where they work. They support some of the most loved teams and help put on some of the greatest events.


If you would like to know more about LoanMart you can check out their official channels:


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