New Mexico Auto Title Loans

New Mexico Title Loans

Many parts of New Mexico are still feeling the effects of economic downturn, many families are having trouble staying within budget and paying bills on time. If this sound like what your going though, then you could probably use a few thousand dollars.

The problem with that is finding a loan agency or bank in New Mexico that has that kind of money to loan out to people, especially if you have a history of bad credit. Luckily for you, you can get a loan by using your car’s value as collateral and get between $750 and $30,000 without giving up your car. Car Title Loans New Mexico can make that happen and get you approved for a cash title loan today and get you your cash in about an hour!

We use your car’s value as collateral and hold your car’s original clean title as collateral so that you can keep your car while you have the loan out. And since our loans are only based on the value of your car, we can give loans for people with bad credit, people with no credit, and people who have filed for bankruptcy in the past. Just so that you aren’t currently filing for bankruptcy or are in credit counseling, then you can get a loan no matter what your credit score is.

Some people come to us worried that we are a predatory lending company and ask us about interest only loans and balloon payments that other companies in New Mexico presented them with. Companies who charge balloon payments and approve interest only loans are predatory lenders because they will charge nothing but interest payments the first several payments and then enforce the entire principal loan amount in one or two balloon payments. Those are designed to force their customers into paying the entire principal amount in one or two payments in the hopes that they can’t afford it so the company can repossess the car. And they still charge their customers towing fees and daily impound dues!

Our title loans are amortized, each payment you make each month has a portion going towards the principal amount and a portion going towards interest each month. That way, you are always working to pay off the principal amount. Our trained, experienced loan agents will work with you, not against you, to establish a payment plan that works for you and your income.

Don’t be fooled by predatory lenders and don’t waste time applying for a bank loan. If you are in need of a personal loan and need your cash immediately, Car Title Loans New Mexico is your best and fastest option. Take a few minutes to fill out our online application. It’s free and there’s no commitment to getting your loan if you are approved. You’ve got nothing to lose, so apply for your auto title loan today and help yourself get control over your bills with cash today!