Car Title Loans in ClovisCar title Loan FAQCan I get a title loan with bad credit?Yes. Credit is not the issue, making sure you have a car that qualifies does? What is a qualified car?Since you are using the vehicle to get a loan it has to be worth about twice as much as you are asking loan. If you want $10,000, then your car has to be worth $20,000. It goes to say that if you want $750 your car has to be worth at least $1,500. Some cars are not even worth that. Are these high interest rate loans?Yes, these loans are expensive and not for everyone. They can give you money fast, and a lot of it but you have to consider that the interest rate is monthly, not yearly. Even so, some companies gouge and we do not. Our rate is below everyone in New Mexico and has no prepayment penalty. 7.5% on loans over $5000 and 8% on smaller loans. You mentioned monthly. Does this mean the loan has to be paid off in a month?No. We actually give you 2-3 years to pay it off but you can pay it off at anytime. Some people use these as short term loans while others use them to pay off their car or close the issue on their mortgage. This is a great solution to needing money quickly. So how do I get this money?It all starts with the application online. This is just a fast way to see how much you can get on the vehicle. If you like the number we can go to a full application but you will almost without a doubt be approved if we tell you a value on your car and it qualifies for a car title loan in Clovis. |
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