Title loans are often intimidating for people who don’t properly understand how they can benefit you, but if you’re looking into a title loan, then you might be wondering who is able to get title loans in Clovis, NM.

Whether you have good credit it bad, it doesn’t hurt to apply for title loans in Clovis, NM. While not guaranteed, lenders are often more lenient if you have bad credit since the loan is secured. Anyone facing an emergency situation can get a title loan.

A Clovis title loan is valuable in many situations, but it’s important to know who can get a title loan and when it’s your best option. The rest of this article will walk you through who can get title loans in Clovis, NM.

Can I Get Title Loans In Clovis, New Mexico?

Title loans are a type of secured loan that uses your car title as collateral. During the period of the loan, you’ll temporarily hand over the title of your vehicle in exchange for a lump sum of money.

As long as you stick to the repayment schedule, your lender will give you the car title back at the end of the loan repayment period.

Because a Clovis title loan is a secured type of loan, you’re often able to get more favorable loan terms than other types of loans.

Do You Have To Have Good Credit To Get A Title Loan?

Similarly, lenders often don’t consider credit scores as heavily as they do with other types of unsecured loans. As a result, most people can get title loans in Clovis, NM.

You can, of course, still drive your car at this time as long as you get a title loan from a reputable lender. If you’re looking into getting a title loan, you will need to make sure you have several things in order first.

What Do You Need To Get A Title Loan In Clovis, NM?

A Valid Car Title

The first and most important thing you’ll need to get a Clovis title loan is a valid car title.

Car titles that are damaged, modified, or have incorrect information on them are void and cannot be legally used for a car title loan. To replace your car title, you can visit your local DMV to fill out the appropriate paperwork.

Liens And Judgements

If there are outstanding judgments or liens against your car, it’s highly unlikely that you will be able to get a car title loan, so make sure you handle those payments before you apply for one. If you don’t own your car outright, you won’t be able to get a title loan.

Proper Documentation

To verify your identity, lenders often ask for personal information and documentation to put in the records. If you’re applying for a title loan, you will need to have the following:

• Your driver’s license or a valid form of state-issued ID
• The lien-free title to your vehicle
• Availability for a quick inspection of your vehicle

Some lenders will also require that you provide several forms of contact information, including an email and phone number.

Who Should Get Title Loans In Clovis?

It’s important to not only consider who can get a title loan but also who should. Sometimes, people use title loans to make frivolous, large purchases, which isn’t a wise investment option. You should only rely on title loans to help you with medical emergencies.

If you’re struggling to handle a medical emergency in your family that has left you with thousands of dollars in bills, then using your car title as collateral for a title loan is a good option to handle those expenses outright, leaving you free to focus on the wellbeing of yourself or your loved one.

How New Mexico Title Loans, Inc. Can Help You

If you’re struggling to find a good lender you can trust, look no further than New Mexico Title Loans, Inc. If you need a title loan up to $10,000, they’ve got you covered with the help of friendly, reliable representatives.

All you need to do is fill out the online form and meet up with a representative for an inspection of your vehicle. If you’ve got the appropriate documentation and are approved, you can get the money the same day or on the following business day. Good credit or bad—you can still at least apply with New Mexico Title Loans!

Get Started Today!

For anyone needing title loans in Clovis, NM, New Mexico Title Loans, Inc. is on standby to answer any questions you have. To get started, you just need to fill out the quick application form which can take as little as 30 minutes. If you’re being weighed down by sudden medical expenses or the need for major repairs, apply online today to see whether you qualify for a Clovis title loan.

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