bad credit accepted for title loans

Do Bad Credit Title Loans Go Against Your Credit?

All of us have had to endure a financial hardship – or several – throughout our lives. Sometimes handling matters on our own becomes too much and we might need a little outside help. And while getting a loan isn’t always the best option, it can sometimes be the most optimal one. For example, when faced with unplanned medical expenses, urgent home repairs, or overdue bills.

Only it can be hard to get a loan with a bank or a credit union if your credit is bad. In fact, it can be downright impossible. You may even be asking if you should even consider loans like bad credit title loans just because of your credit history.

Luckily, you can easily get bad credit title loans at New Mexico Title Loans. Title loans are accessible, easy to apply for, fast – you could get the cash the very same day if you are approved – and, most importantly, poor credit isn’t likely to be an issue.

How Is It Possible To Get Bad Credit Title Loans?

First things first – we put less emphasis on credit history than traditional financial institutions. We here at New Mexico Title Loans want to approve as many potential borrowers for the loan as possible, so we do not hold your credit history against you.

If you have good, poor, or even nonexistent credit, it doesn’t matter. You can still get approved for most loan amounts regardless of what your credit history is. Even further, our bad credit title loans do not impact your credit score.

Getting bad credit title loans won’t make your credit any worse. In fact, it won’t have any impact on your credit history at all – neither negative nor positive. Our loan representatives at New Mexico Title Loans, Inc. do not report loan information to any credit bureaus if you happen to default on your loan payments.

This means that the loan information remains entirely between you and the lender, not affecting your credit in any way, shape, or form.

Can I Apply For Bad Credit Title Loans If I’m Unemployed?

Unlike traditional bank loans where unemployment can make things harder for your approval chances, that isn’t the case here. Employment isn’t a requirement to get approved for a title loan – irrespective of your credit score. As long as you can provide us with the required items, you can get possibly get approved.


woman got bad credit title loan cash


What Do I Need To Apply For Bad Credit Title Loans?

Just like with any traditional loans, we have requirements you need to meet and items you need to have to get through the process. So what are the required items we’ve been talking about?

As we already mentioned, New Mexico Title Loans only has a few qualifying requirements, with most of them being flexible. However, you do need to satisfy a few to be eligible. The two biggest requirements are you need to be of legal age and outright own your car – meaning you aren’t making payments on it and it is in your name. Your title must also be free of any outstanding liens or judgments. Here are the required items you must provide:

  • A state-issued photo ID or driver’s license. You will need to provide a valid government-issued document that verifies your identity and age. You must be at least 18 to be eligible for a title loan.
  • Your vehicle for an inspection. While the vehicle’s title will act as collateral, the vehicle itself will help determine the maximum amount you can qualify for – which could be up to $10,000.
  • The vehicle’s lien-free title in your name. If the title is in another person’s name or not lien-free, you won’t be able to use it for the loan. You will have to deal with this prior to applying.

How Do I Apply For Bad Credit Title Loans?

As long as you have the required items on hand – you can easily apply for a title loan online with your credit as is. No need to try to improve it.

Just go to the New Mexico Title Loans Inc. website, find the online form for a title loan, and fill it out. When your form gets processed, you’ll get a call from the loan representative, who’ll confirm your information, and provide further instructions.

You’ll need to take the required items – your car, the car’s lien-free title in your name, your state-issued ID or driver’s license – to the meeting the loan representative sets up for you. You can either have us come to your location or you can come into the store. If you want to find the nearest location, just look up “title loans near me”.

Regardless of where you meet, the loan representative will inspect your car, as well as quickly assess your documents to determine if you qualify for the loan – and how much cash exactly you qualify for.

If they decide to approve you, you’ll finish the paperwork right then and there, get the cash and leave with your vehicle. This entire procedure typically lasts less than an hour and could last as little as 30 minutes. And you will either get your cash the same day or the next bank business day at the latest.

You do not have to worry about your credit when it comes to title loans. If you have emergency expenses to handle, you can get bad credit title loans to help you out. Start today with our online form or give us a call. 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.

New Mexico Title Loans

If you are searching for a convenient way to get a title loan, look no further than New Mexico Title Loans, Inc. We offer online title loans where not store visit is required or in-store title loans and installment loans. To get started, fill out the simple online form above or give us a call at any one of our convenient store locations.

All you need is the following items:

  • Driver’s License or State Issued I.D.
  • Lien-Free Title to Your Vehicle
  • Your Vehicle for Inspection

When you’re ready to get the emergency cash you need without all the hassles of a traditional loan, New Mexico Title Loans, Inc. has you covered with a car title loan up to $10,000 today.

New Mexico Title Loans