title loan background Car Title Loans in Santa Fe, New Mexico

Car Title Loans in Santa Fe, New Mexico


How much is my car worth?

Santa Fe is a wonderful place to live. But, unfortunately, sometimes, the unexpected happens, leading to quite expensive unforeseen difficulties. As such, it’s no surprise that many Santa Fe residents find themselves desperately in need of cash.

If you ever get into this scenario or if you’re presently in it, then understand that you can always count on title loans from LoanCenter as a source of income.

Just in case you’re not familiar with title loans, these are loans that are provided to borrowers who own an automobile with the title in their names. These borrowers are asked to put up their vehicle titles as loan collateral, thus securing the loan and making it easy to obtain.

If you can meet the very simple qualifications for a title loan from LoanCenter, then there’s no reason that you shouldn’t be able to qualify, both for a title loan and the many benefits that go along with one.

Easy Qualification Process

How do car loans in New Mexico work? With title loans from LoanCenter being such a smart option, you might think that they would be very hard to receive or to qualify for. Fortunately, this is not the case at all. Generally, if you own your automobile, have the documents to prove it, and if there is still equity in your automobile, you can acquire your funds.

What’s more is that you can often borrow as much as you want, if the total that you want to borrow is less than the equity stored in your automobile. There are no tricky eligibility requirements or long, in-depth application processes. Just meet some basic criteria, and the loan is yours- just like that.

Quick and Easy Financing

If you’re like most title loan borrowers, then you need to have your money as fast as possible. Don’t worry. We definitely understand that, which is why we process loan applications incredibly quickly. You can get approval from us in just a few minutes of your time. And, even better yet, we’ll get you your money right away too. Many borrowers are even able to get their loan funds on the very same day they get approved for them.

This is definitely not the case with more common lending options. With those routes, the application process is incredibly long and involved. It can take you awhile just to gather all the necessary documentation and fill out the application. Then, you can expect to wait several days or even more, especially during high-need times, for your loan application to be looked at. Since approval rates are low, you could wait all that time just to find out you’re not getting approved. And, even if you do get approved, you can expect to wait longer for your funds to come through and then even more time for them to clear and be available for use.

Obviously, other types of loans really aren’t a good fit for the borrower in a hurry. So, even if you can qualify for other borrowing options, title loans are the way to go if you need to get your money as soon as possible.

Bad Credit is No Problem

While bank loans and other more standard forms of lending require you to have a great credit score, that’s not the case with title loans. We do take a look at your credit, but it’s not the main determining factor in whether or not you get a loan. In truth, the main reason we look at your credit is to try and negotiate the best interest rate and loan terms to meet your specific needs and situation.

Since our loans are based on collateral, we don’t need you to have amazing credit the way that other lenders do. Conversely, we just look mainly at the worth within your car. So, the more your car is worth, the more money you can typically borrow. This fact enables you to have a great deal of control over the loan process.

If you have a few vehicles, for example, and you know you want to borrow a larger amount, you could offer up the newest or most expensive vehicle title as collateral. On the other hand, if you just need to borrow a little, an older vehicle will be sufficient also.

Of course, with that said, you are never obligated to borrow the full amount for which you are eligible. You can borrow less than you are offered in most cases, which gives you the ability to better control your loan and to make informed decisions from a financial standpoint.

How much can I obtain with a title loan?

Your earnings, general credit score, and car value are all considered.

How soon will I get my loan money?

Once the paperwork is done and approved, you’ll get your money immediately

What do I do to get started?

Apply for a loan with LoanCenter today! The sooner you do, the more quickly you could have money in your wallet.

Get in Touch with Us Today!

Store Locator > New Mexico > Santa Fe

Personal Loan benefits

  • Fast approvals
  • All credit scores accepted with proof of income
  • Repos and bankcruptcies OK
  • Keep your car during the life of the loan

If you have questions, we have answers. Head over to our Frequently Asked Questions.

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