About LoanMart
LoanMart, often branded as 1‑800LoanMart, is a consumer finance company that focuses on auto title loans and other vehicle‑secured lending products. By using a borrower’s vehicle title as collateral, LoanMart offers loans to people who may have limited credit history or lower credit scores, operating primarily in several U.S. states. The company markets quick approvals, flexible terms, and the ability for borrowers to keep driving their vehicles while repaying the loan.
A charge with the descriptor “BILLPAY LOANMART TEL” on a card or bank statement typically indicates a payment made toward a LoanMart loan—often via online bill pay, over the phone, or through an integrated bill payment service. This could be a scheduled monthly loan payment, an extra principal payment, or a payoff transaction. In some cases, you might see multiple smaller payments if your bank or bill‑pay provider splits a single scheduled amount into separate transfers.
If you don’t recognize the charge, first check whether you, a joint account holder, or an authorized user has an active or recent loan with LoanMart. Review your loan documents or online account to match the transaction date and amount. To resolve questions, contact LoanMart directly using the phone number or contact options on their official website, and ask for a payment history or payoff quote. If the charge still appears unauthorized after speaking with them, you should contact your bank or card issuer to dispute the transaction and, if appropriate, update or revoke any recurring bill‑pay instructions tied to LoanMart.