Table of Contents
- How Do Car Title Loans Work?
- Car Title Loans New Mexico
- Bad Credit Loans
- What Do You Need for a Car Title Loan?
- Ways You Can Use a Car Title Loan
- Get Started Today!
- About New Mexico
Are you stressed out trying to figure out where your next flow of cash will come from? Are banks turning you down because your credit score is too low? Title Loans Express can help you. We offer the best car title loans nationwide and can help you get a loan even if you struggle with poor credit or no credit. The best part is you can get approved for a loan in less than 15 minutes and get cash as fast as the next business day or even the same day! There’s no need to fill out mountains of paperwork. All you have to do to get started is to fill out our quick form or give us a call at 855-303-2274 to get started.
How Do Car Title Loans Work?
So what is a car title loan? A car title loan is a loan where the borrower uses their vehicle as collateral to secure a loan. If the borrower is the sole owner of their vehicle, the borrower can use the value of their car to take out a loan. For example, if your car’s resale market value is currently $7,000, then you can get a loan up to $7,000. The borrower will have to transfer their car title or paperwork to the lender’s name until the loan is repaid in full. However, while the loan is being paid off, the borrower can use the car as needed. The title will be transferred back to the borrower once the loan is paid off in full. If the loan isn’t repaid according to the repayment agreements, the lender has the right to repossess your vehicle. Car title loans are also commonly called auto title loans, title loans, or pink slip loans.
Car Title Loans New Mexico
Unlike traditional banks, car title loans are fast and convenient. Nowadays, car title loans can be done entirely online as well. Lenders such as Title Loans Express can provide borrowers with the ease and convenience of a quick loan all from the comfort of their homes. So how does it work?
- Apply online by filling out our quick 3-minute form, or give us a call at 855-303-2274. A loan advisor will be in touch and will let you know right away if your vehicle qualifies for a loan. You will also find out how much your vehicle will qualify for.
- Submit the needed documents for the loan, which is mentioned below
- Decide how you would like to receive your loan; direct deposit or check.
And that’s it! In just 3 quick steps, you’ll be able to get a fast and convenient car title loan online. No need to drive to an office, no need to setup an appointment, no long waits in line. Get started today with Title Loans Express by applying online or giving us a call.
Bad Credit Loans
But what if you have bad credit? In many cases, a bad credit score will disqualify you from a loan with the bank. However, a poor credit score will not affect your eligibility for a car title loan. Instead, to qualify for a car title loan, you will need a car that carries enough value to back your loan. So even if you have bad credit, poor payment history, or credit card debt, you can still be approved for a car title loan if your car qualifies for your loan. In fact, car title loans can be helpful for the borrower who needs to rebuild their credit. When a borrower consistently makes payments on time in the right amount, a car title loan can help build up the borrower’s credit score since Title Loans Express reports to the three large credit bureaus.
What Do You Need for a Car Title Loan?
To get a car title loan with Title Loans Express, you will need the following documents.
- A government-issued ID (driver’s license or passport)
- Your car title, free of liens and paid off
- Vehicle registration and insurance
- Proof of income of at least $1500 a month
Ways You Can Use a Car Title Loan
The best part about taking a car title loan is that you can use the loan for whatever you need, whether it’s to pay off student loans, utility bills, or other expenses. A car title loan can help you pay off:
- Important medical bills
- Sudden emergencies
- Utility Bills
- Plumbing repairs
- Home remodels
- Wedding expenses
- Funeral expenses
- School Tuition
- New home appliances
- Business expenses
- Work equipment
- Personal use
Get Started Today!
Instead of worrying about whether or not you can qualify for a loan at the bank, apply online and get started today with Title Loans Express! Get approved for your loan in less than 15 minutes! Apply using our online form or give us a call at 855-303-2274.
About New Mexico
New Mexico is a state in the Southwestern of the United States of America. The state capital and cultural center is Santa Fe and its largest city is Albuquerque with its accompanying metropolitan area. It is one of the Mountain States and shares the Four Corners region with Utah, Colorado, and Arizona. New Mexico is also bordered by the state of Texas to the east-southeast, Oklahoma to the northeast, and Mexican states of Chihuahua to the south and Sonora to the southwest. The state is the 36th most-populous state, sixth-least densely populated, and fifth-largest by area. The economy of New Mexico is dependent on oil drilling, mineral extraction, dryland farming, cattle ranching, lumber milling, and retail trade. The film industry in the state has grown and contributed $1.23 billion to its overall economy. Due to its relatively low population, in combination with numerous federally funded research facilities, New Mexico had the highest concentration of PhD holders of any state in 2000. [source: Wikipedia]