Getting a title loan in Raton, NM may intimidate those who are facing a financial emergency. Raton sports a poverty rate that is more than twice the national average, and there is a strong need in the community for more accessible resources – including ways to get emergency cash when a local bank won’t look twice at your application.

Fortunately, we are here to help residents in Raton. We want to give you 5 helpful tips to make your title loan application process a breeze and get you one step closer to the cash you need.

5 Tips For Raton, New Mexico Title Loans

1. Make Sure Your Title Is Lien-Free

The main requirement for Raton title loans is to own your vehicle free and clear. You can prove this in your application by providing the lien-free title for your car. Lien-free means you do not own anything on your vehicle.

Many people don’t have their titles on hand and know little about how to get a lien-free copy.

Different Lien Scenarios And What They Mean For Borrowers:

If You’re Still Paying Off Your Car

Those who still owe payments on their car have a lien on their title, so they do not qualify for Raton title loans in New Mexico.

If You’ve Recently Paid Off Your Car

In most cases, your lender will mail you a lien release statement and your car’s title once you’ve paid off your car. This may take a few weeks after your final payment is processed.

You’ll then take these documents to your local NM Motor Vehicles Department (DMV) office and complete a Release of Lien form. This will update electronic copies of your title and you’ll have the up-to-date lien-free title in your possession.

If You Bought Your Car In Cash

If you bought your car in cash, you should have been given the lien-free title off the bat. If you’ve recently moved to New Mexico from another state, you’re responsible for taking the car to the DMV for a VIN inspection, after which you can register, plate, and insure your car in the state.

If You’ve Lost Your Title

If you lost your lien-free title, you’ll need to apply for a duplicate certificate of title at the DMV. You’ll need your state license, most recent registration certificate, and to be the registered owner of the car.

2. Have Your Car Ready For Inspection

During your title loan in Raton NM application, your car will have to go through a quick inspection. The only thing you need to do is make sure you have the car handy for the short inspection. Your car’s condition, mileage, year, make, and model will impact the loan amount you qualify for.

3. Don’t Stress About The Application Process

New Mexico Title Loans, Inc. works hard to make Raton title loans accessible to more Raton residents. We don’t require a good credit score, employment history, or an active checking account to apply. What’s more, is that we also let you keep your car as normal while you stick to the repayment schedule.

Take a deep breath and take a load off – we are here to make this process as easy as possible for you!

4. Apply Online – Without Having To Leave Your Home!

As the cherry on top, New Mexico Title Loans, Inc. offers a title loan in Raton, NM from the comfort of your own home. We offer in-store and at-home options for those applying for our title loans to make it easy on your schedule.

If you prefer to check out our local office, we have locations in Albuquerque, Farmington, Roswell, Clovis, Rio Rancho, Gallup, Hobbs, Los Lunas, and many more cities.

5. Get Everything Done In One Afternoon

Banks have given loan applications a bad name, often taking weeks or months to tell a borrower if they even qualify for a loan. Luckily, New Mexico Title Loans, Inc. had rapidly shortened this process so that you can apply and get your cash all within one afternoon.

Applying online takes a couple of minutes while reviewing your documents and vehicle could take as little as 30 minutes. If you’re approved, money can sometimes move into your account by that same evening. Don’t delay – get started now.

Use Your Tips Today

Residents can breathe easy as they apply for a title loan in Raton, NM through New Mexico Title Loans, Inc. Our Raton title loans have simple requirements, a fast application process, and many benefits for borrowers.

If you still have questions, our representative will be happy to answer them once you reach out to us. We’re working hard to make your application process a breeze so you can access up to $10,000 when you need it most. Contact us today!

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