Can I Get A Loan If I Have An Eviction On Credit Report?
June 28, 2021 | June Mckaig
Having an eviction on credit report could seriously jeopardize your chances of getting a loan – if you go to a traditional financial institution, that is.
If you apply for a loan at a bank or a credit union with an eviction on credit report, your chances of getting approved would be slim – and you’d likely have to go through a complicated process to prove you’re a trustworthy borrower and deserve to be approved.
Luckily, there are loan options for someone with an eviction on credit report that is considerably more accessible, simple, and fast. Getting a title loan with New Mexico Title Loans being one of them.
Get A Title Loan In New Mexico With An Eviction On Credit Report
The biggest benefit of getting a title loan with New Mexico Title Loans, Inc. is the straightforward and flexible qualifying requirements.
Having an eviction on credit report doesn’t lessen your chances to get approved simply because New Mexico Title Loans, Inc. is open to borrowers of all credit types. You can get approved regardless of what your credit looks like; it can be good, bad, or altogether nonexistent, and you could still get approved.
This means it hardly matters if your check bounced this morning, if you have an eviction on credit report, or if you just had a bankruptcy discharged – you can still qualify for a title loan. As long as you meet the qualifying requirements we care about, you have a chance at approval.
How To Qualify For A Title Loan In New Mexico
A title loan uses your vehicle’s title as collateral for the loan. Being open to borrowers of all credit types doesn’t mean anyone can simply walk in from the street and get a title loan in New Mexico.
In fact, it doesn’t mean there won’t be any credit checks either! A loan representative may perform a credit check for a larger amount of loan, so be ready for that. We will try to work with you and tell you your best options.
And to be able to do that, you will need to provide us with a few required items in order to get through our process:
- A driver’s license or valid state-issued photo ID. To be eligible for a title loan in New Mexico, you must be at least 18, so you need to verify your identity and legal age;
- Your vehicle for a quick inspection. The loan representative will need to inspect it and determine its value since it helps determine how much you could qualify for;
- Your vehicle’s lien-free title in your name. To be eligible for a title loan it will need to prove you outright own your car and use your vehicle’s title as collateral.
Can I Get A Title Loan In New Mexico If I’m Unemployed?
What is even better is you can apply even if you are unemployed and have an eviction on credit report. This is because a title loan is a secured type of loan – meaning you provide us the lien-free title to use as collateral.
This security lets us be a little more accommodating with our approval policies – even when compared to other short-term fast loans. In fact, we work with all types of income if you get approved for the title loan.
So you can get a title loan even if your income is irregular, you’re only starting a new job and have no income yet, or if you’re currently unemployed. The important thing is you make your payments on time.
Get A Title Loan In New Mexico Today
The process of getting a title loan in New Mexico is simple. It all starts online and then you can either come into the nearest title loan location or have the loan representative come to you to finish and find out if you qualify.
The first step is to get all the required items in order – make sure to have your ID or driver’s license, your vehicle in working condition, and the vehicle’s lien-free title in your name on hand.
If you do, you can easily start the process online by submitting a filled-out form on the website. Soon after submission, a loan representative will give you a call to double-check the information from the form, provide further instructions, and answer any questions you may have.
They will also set up an appointment with an associate for you at a convenient location. Take the required items to that appointment, so that the associate can inspect your car, assess the documents, and determine how much you could get and if you qualify for approval.
If they decide to approve you, they will explain the loan terms and help you go through the final paperwork. This entire process typically doesn’t take more than 30-45 minutes. Apply for a title loan in New Mexico today and you could get up to $10,000 by the end of the day or the next bank business day!
Get A Title Loan Even With An Eviction On Credit Report
You don’t have to worry about having an eviction on your credit report. While getting a bank loan could be difficult, you could still qualify for a title loan in New Mexico. Give us a call or fill out the online form to find out if you qualify, today!