Are you living paycheck to paycheck, and thinking about researching over the phone loans? If so, you’re certainly not alone. The majority of Americans (over 60% of them, in fact, according to various surveys) are living from one paycheck to the next and need help. And all of them can attest that living paycheck to paycheck comes with a certain type of financial insecurity: you’re never really ready when you’re hit with a financial emergency, even if you anticipate it.

Of course, handling a financial emergency is the easier if you have an emergency fund – so you should set one up as soon as possible. But for most people that don’t have one –that’s where short-term fast loans enter the scene. There’s no better way to get cash together fast than applying for over the phone loans.

Unexpected Cash Emergencies Are A Part of Life

This Is Why You Should Set Up an Emergency Fund

While financial experts in America rarely agree with each other when it comes to what you should be doing with your money, they do agree on one thing: everyone needs to have an emergency fund. The most popular approach to setting up an emergency fund is that you should aim to put enough money there to comfortably cover between 3 and 6 months’ worth of expenses. That’s enough not only to cover you if you’re suddenly hit by charges your monthly budget cannot cover (like an emergency surgery for a pet, having to take your car to the shop, or needing to pay a visit to a doctor yourself). Also, these funds serve as a safety cushion if you’re ever hit with the biggest financial emergency of it all – losing your job.

Six months is considered by most experts to be enough time to find another job and get your financial situation under control, which is why most consider putting more money into the emergency fund than less. According to them, after that mark, you should start saving money for more long-term goals – namely retirement. And since emergency funds should always be accessible, no matter how high-yielding the account you keep it in is, it’s still technically losing you money, since you could be making more by investing or even just putting it in Roth IRA. That is where you should be putting your savings in after the emergency fund is fully funded.

SEE RELATED: How To Get Cash When There's Nowhere Else To Go

What Makes Fast Loans a Good Option in an Emergency?

The main problem with an emergency fund is that saving money takes time, which is why most people look to loans, like over the phone loans, to help in an emergency. And most emergencies don’t allow you to wait. In fact, if you postpone dealing with them, you’re likely to exacerbate them, which will cost you more money down the line.

This is where short-term fast loans enter the scene. If you need to get cash together fast, you aren’t likely to find a better option such as an auto title loan.

Why Specifically Auto Title Loans?

Car title loans are probably the easiest and fastest over-the-phone loans to acquire. There are only a few requirements – you must be over 18 years old, you must be a car owner (obviously), and your car’s title must be in your name and completely lien-free.

If you satisfy these demands, then the lenders that handle these types of loans, or over-the-phone loans, will do their best to accommodate you. They work with all kinds of incomes and won’t be paying any attention to your credit scores – which means you can apply and successfully qualify for a title loan online or over the phone, even if your credit is bad or non-existent.

How Do I Apply for Auto Title Loans in New Mexico?

Here’s the best part about over the phone title loans in New Mexico: you can easily apply for them from the comfort of your own home without having to leave your house to go to the loan store and wait in the queue.

If you live in New Mexico, all you need to do is go to the NewMexicoTitleLoansInc.com, look up the phone number of the store location, and give us a call. If you don’t want to be the one to make the call, you can fill out the online form and send it in. In that case, the store representative will be the one calling you – be sure to answer your phone when you’re contacted.

During your phone conversation, the store representative will confirm the information you’ve given, remind you about the items you need to qualify (your car, your car’s lien-free title in your name, your government-issued ID), and answer any questions you have about the loan – they’ll do their best to walk you through the entire process. After that, they’ll set up a meeting with you at a convenient location to have your car and documents assessed.

When you meet, the associate will perform a 5-minute inspection of your car (to determine how much cash you qualify for) and check your documents, as well as answer any additional questions you might have. If you’re approved, you’ll get your cash the same day.

The entire process takes on average around 30 minutes.

When you are looking for over-the-phone loans in New Mexico, you are never far from the emergency title loan cash you need with the help of New Mexico Title Loans Inc.

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