If you have bad credit, you know how difficult it can be to get money loans for bad credit. Unfortunately, many individuals with bad credit find themselves in emergency situations, which require them to get access to a loan, no matter what their credit score is.

Even if you have bad credit, there are ways that you can get money loans. In fact, there are many money loans for bad credit, including coming to New Mexico Title Loans, Inc. for installment loans. Here is what you need to know about this loan and how to start the process.

Get Money Loans For Bad Credit With This Tip

If you need money loans for bad credit, you might want to consider a short-term loan. Some short-term loans do not depend on credit scores as heavily as bank loans and other loans. One kind of short-term loan you can get from New Mexico Title Loans, Inc. includes installment loans.

What Are Installment Loans?

A quick signature installment loan in New Mexico is an unsecured short-term loan. An unsecured loan is one that does not require the use of any collateral. Instead, your signature is your promise to pay back the loan, thus explaining the word “signature” in the name signature installment loan.

If you are approved for installment loans with us, you will borrow a specific amount of money and pay back that money in a set number of payments or installments. This is where the “installment” comes from in the loan name.

Its fixed installments make it easy to pay back the loan and allow you to see the light at the end of the tunnel from your first payment. To put it all together, a signature installment loan is one that is backed by your promise. With New Mexico Title Loans, Inc., you could qualify for anything up to $1,250 to help you out with emergency expenses.

What Do I Need To Qualify For An Installment Loan?

To qualify for an installment loan with us you need to bring in the required items. We make sure not to include too much on our list. The only things you need are your driver’s license or state-issued ID, your most recent pay stub, and a checking account statement that is open in your name. If you have these three things, you can qualify for an installment loan.

As with any other loan, installment loans require a driver’s license or state-issued photo ID to confirm your identity and make sure you are 18 years old or older. This is a standard requirement for any loan you apply for. The next thing you need is your most recent pay stub.

This pay stub serves as proof of income because this loan type requires current income. You’ll also need the checking account statement to further prove your income. It’s important that the checking account is open and in your legal name. Once you have these items, you are ready.

 

 

What About My Credit Score?

When it comes to credit requirements, keep in mind that we do check your credit before we determine if you qualify for approval. But even if you do have poor credit, you may still have a chance of getting the loan. For complete details about your credit score when applying for a signature installment loan, you can contact us at any point and ask us questions.

How Long Does It Take?

Here at New Mexico Title Loans, Inc., we know that installment loans are often needed under a time constraint. We offer fast processing times so that you can get the money you need quickly. The in-person process can take as little as 30 minutes to complete, allowing you to find out if you’ve been approved.

How To Apply For An Installment Loan

If you decide that an installment loan is an option for you, you will need to apply for the loan first. The application process at New Mexico Title Loans, Inc. is straightforward and quick. This is what you can expect from the entire process:

1. Fill out our online inquiry form. After you fill out this form, the closest New Mexico signature installment loan location will give you a call.
2. During the phone call, a loan representative will answer any questions you have, walk you through the rest of the process, and help you set up an appointment.
3. Make sure you have all of your documents and items ready to go. We will assess your information and run your credit to determine if you qualify and for how much.
4. If you qualify for an installment loan, you will sit down with a loan representative at the store to discuss the loan terms and finish some simple paperwork.
5. If approved, you will sign the paperwork and arrange to get your money. You can get the money from your signature installment loan the same day or the next bank business day.

Get Your Installment Loan Today!

If you need money loans for bad credit, you are not without options. An installment loan may be able to help you get the money you need, regardless of your credit score. To get your installment loan today, fill out the New Mexico Title Loans, Inc. request form to get the process started. 

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