Title Loans Taos, NM
Payday and cash advance services are definitely viable short-term loan options for those who don’t mind paying back over twice what they borrowed to start with. The fees and rates of other loan types are ridiculous, if you ask us.
That’s why Velocity Cash is here to explain what makes title loans Taos the best lending option, provided you have a paid-off title to provide as collateral.
Choosing Title Loans in Taos, NM
Fast cash title loans are probably the quickest option available, dropping the money in your account within 24 hours or less of signing the title over to us. This ensures you can knock out those bills coming up in just a few short days, protecting your credit score and keeping those late fees in check.
We also provide you with easygoing payment options and a choice in the size of loan you’d like to take out. We also have a free title loan calculator on our website to use. The maximum you can take out is limited by your income and the value of the vehicle that’s represented by the car title.
Did we mention the two best parts of title loans Taos? We assess super-low interest meterage. Do we have your attention now?
Applying for Taos Title Loans
Okay, so you’re probably thinking, “There’s gotta be a serious hitch here.” We’re just going to say it: nope. Everything gets better when you apply for title loans in Taos, NM and see that it takes all of 30 seconds or less to get the ball rolling. We need the following from you:
- Name
- Phone number
- ZIP code
- The type of motorized vehicle that’s represented by the title you’re offering
- Make, model, year
- Rough mileage for valuing purposes
When we receive your application, we’ll glance over it and send you a call at the provided phone number to equip you with a free title loan quote. If you’re willing to commit, we’ll need some extra information to confirm who you are and whether you’ll be able to pay us back on time.
In some cases, we’re able to offer emergency cash assistance with title loans in Taos to clients who are unemployed or have unsteady income. We’re also able to provide title loans without insurance, and it may even be possible to claim the title while there are other liens on it.
However, you’re recommended to ensure that all liens and suspensions are settled so we can get the money to you as quickly as possible.
Legal Details
Believe it or not, there are strict laws that govern our ability to issue title loans to our clients. For your peace of mind, we’ve included some basic laws you should know about.
- The 10% Rule
It’s not as much a concern with title loan firms in particular, but no short-term lending agency is permitted to raise your annual interest rates beyond 10% for any amount of time and for any reason. - Official Licensing
Title loan representatives are required by New Mexico law to be equipped with legal licenses that document their line of work and permit them to create and distribute title loans. - Repossession
The maximum term that a title loan may be created for is 30 days, by which point all charges must be compensated. If not, you’ll have an additional 30 “late days” to cover it; if you fail to complete your payment by the end, your vehicle may be legally repossessed.
Title Loans: Better Than Cash Advance or Payday Loans
Velocity Cash also serves up title loans in Santa Fe! With our Taos business spread out across New Mexico, the pressure is on us to be the number one title loan service offering the following benefits:
- Incredibly easy application process
- Absolutely no credit score checks whatsoever
- Rapid cash delivery in as little as 24 hours
- Economical overhead charges that make it easy to relieve your debt to us
Fill out the quick form to get a Taos title loan today!