Need Holiday Cash? Here’s Where You Can Secure It
November 25, 2020 | Peyton Sawyer
Holidays are a money hole. We love them, but they do tend to bleed most of us dry unless you’ve been smart and set up sinking funds beforehand. Between funding parties, celebrations, traveling plans, grand meals, and, of course, the gifts, the holidays can drain even the most prepared of budgets, leaving us scrambling for extra cash.
But even the smart ones – the ones with the sinking funds – may find themselves in need of some extra holiday cash. So, where do you get it? We’ll cover some popular ways you can make money during the holidays, including how you can secure emergency money with car title loans.
1. You Own Budget
First things first – check if your budget actually allows you to spend some more money on holidays. Maybe cut down on something else (like subscriptions and cable), and put that money towards the holidays. If your budget is already bare-bones as is though – then you should look for other ways. Skipping something like rent and utilities for holiday spending is a big no-no.
2. Side Hustles
Try making cash before you jump to other options. Holidays are a busy time so maybe a business in the area needs a temporary worker. You can also offer your services as a babysitter or pet sitter to people in the area, or use dozens of online platforms that offer freelance opportunities to find some short-term work: maybe you’re a good writer, or a photographer, or know a thing or two about graphic design.
Be careful not to bite off more than you can chew though – if you don’t want to be working through holidays, you shouldn’t take on big projects no matter how well they pay.
3. Quick Loans
Quick loans such as title or payday loans are a pretty optimal option for getting quick cash, as long as you’re smart about them.
Remember that these types of loans are for short-term use – and to be paid off quickly. Don’t go taking out a car title loan to fund a lavish holiday party for your entire family and all your friends, but they’re an option for you when you need an emergency. Make an exact budget of what you need the cash for – and then take out exactly the amount you need.
What Loan Options Do You Have?
What happens if you secure the money you need and find yourself face-to-face with a financial emergency, one that is jeopardizing your holiday budget? When this happens, title loans, New Mexico can help you protect your holiday money. But what are title loans and how do they function? We’ll break everything down for you here.
What Are Title Loans?
Title loans are a short-term secured loan option that allows you to leverage the value of your vehicle title in order to secure your loan money. They’re fast, easy to obtain, and come with a number of benefits.
The Benefits of Title Loans
The ease and speed at which you can take out title loans are worth mentioning first because the application process can take as little as 30 minutes to complete. Furthermore, you find out how much money you’ll receive, with a maximum being $10,000, during your application and you receive money often on the same day that you apply for.
Since title loans are a secured type of loan and your car will be acting as collateral our hands aren’t tied as tightly as with other, more traditional types of loans. Your credit score doesn’t matter either – usually even bad or nonexistent credit will not influence the representative’s decision to approve you for the loan. The loan itself won’t be affecting the credit score either – either positively or negatively. As a final benefit, you can start your application from the comfort of your home by filling out a short form found on our homepage.
How Do I Take Out A Title Loan?
Taking out title loans is an easy and straightforward process, but you do need to satisfy a few requirements to be considered. After you fill out the aforementioned form found on our homepage and submit it, a loan representative will contact you to set up a face-to-face meeting, during which your vehicle will be inspected. You’ll be asked to bring a few pieces of information with you, which includes:
- Your driver’s license
- The title to your vehicle
- Your vehicle for inspection
The representative will conduct the inspection of your vehicle and review your information. You’ll find out how much you’ll be eligible on the spot and the money will be issued to you often on the same day! It’s that straightforward and easy. When you’re facing an emergency, you won’t have to worry about wondering how do title loans work in New Mexico? You’ll have the answers and be ready to secure your emergency cash. Or, you can apply today.