discussing an agreement for an installment loan for bad credit

Who Can Get Installment Loans For Bad Credit?

If you have bad credit, getting a loan might be the last idea you’re thinking about. However, for many individuals with bad credit, installment loans are one option that allows them to handle emergencies quickly and efficiently.

If you are interested in installment loans for bad credit, you may have a lot of questions, such as who exactly can qualify for this loan type. You'll be happy to find out that it’s really easy to qualify for installment loans, and the process is super simple.

What You Need To Get Installment Loans For Bad Credit

At New Mexico Title Loans, Inc., anyone who meets the requirements for our installment loans can qualify for them. What this means is that you need to meet our easy, quick requirements in order to get our installment loans worth up to $1250. Here is what you will need:

1. Driver’s License

The first thing you will need for our installment loan is your driver’s license or state-issued ID. This requirement is used to confirm your identity and that you are 18 years old, which is the legal required age for getting loans in the state. A driver’s license is required for all loan types at all legal lenders.

2. Proof of Income

Installment loans are considered unsecured loans, which means there is no form of collateral. As such, proof of income is required to show that you can pay back the loan as you promise. You can prove your income by showing your most recent pay stub.

3. Checking Account Statement

The last thing you will need to get installment loans for bad credit is a checking account statement open in your name. It's important that this statement is in fact in your legal name, as it appears on your driver's license.

checking account statement required for installment loans

What You Will Not Need

If you're looking for installment loans for bad credit, you likely have a lot of questions regarding how your credit score impacts the likelihood of getting this loan. Because this loan is unsecured, your credit will be checked. That being said, just because you have bad credit does not mean you are not eligible for this loan type.

To fully understand how your credit score will impact your likelihood of getting one of our loans, it's best to talk to one of our representatives. Our representative will fully explain how the credit score impacts your loan and everything you will need to get an installment loan for bad credit.

If you do not qualify for installment loans, you are not without options. New Mexico Title Loans, Inc. offers multiple loan types that are available for individuals with bad credit. By talking to our representatives, you’ll be able to find a loan type that works for you.

Getting Installment Loans For Bad Credit At New Mexico Title Loans, Inc.

Here at New Mexico Title Loans, Inc., it's our goal to make sure the loan process is as easy and fast as possible. Once you call our storefront location regarding your credit score, we can help you get the process started in order to apply for installment loans. One of our representatives will help you set up an appointment so you can apply at our storefront location.

If you don't want to call our storefront location, there is another way that you can get the process started. By going over to our home page, you will find a quick inquiry form. Fill out this form and click submit. The form will be sent to the closest storefront location so we can give you a call and set up an appointment from there.

At the time of the appointment, you'll fill out some paperwork and sit down with another representative. Make sure to bring all of your required items. The in-store process can take as little as 30 minutes to complete. As such, you can receive your installment loan money as soon as the same day or the next if approved.

woman with installment loan cash

Get Your Installment Loans For Bad Credit Today!

Bad credit really is a nightmare. Especially when you find yourself in emergency situations, you might not have the money you need to get a handle on this situation. That's where installment loans for bad credit can help. New Mexico Title Loans, Inc. offers easy installment loans for bad credit.

Just make sure that you meet the requirements above. Additionally, it's best to talk to one of our representatives to get a full idea about the requirements of installment loans for bad credit. Our representative can help you learn if you can still get this loan type, even with your credit score.

To get your signature installment loan in New Mexico today, call our representatives or fill out our online inquiry form. Either way, we look forward to speaking with you, and we will get back to you shortly so we can get the ball rolling.

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