The New Mexico Small Loan Act governs how car title loans work in New Mexico. The maximum amount of money you can get for a car title loan in New Mexico is $50,000. That said, the actual amount of money you will be able to borrow is actually determined by a few different factors…
We’ve compiled a series of questions that many people have asked about title loans and answered them using the most accurate and useful information. Don’t see your question in this list? Check out the LoanMart Frequently Asked Questions page to see some more common questions people have about title loans, and how LoanMart answers them all!
Title loans in New Mexico function much like title loans in other states. Borrowers use their qualifying car title in their own name as collateral for a loan. They have all the same advantages provided by other short-term loans
Alabama has always been a state known for its tough laws, and no-nonsense policies. Their laws on title loans are no exception to the rule. Alabama title loans are covered by the Pawn Shop Act. The Alabama Supreme Court classified title loan lenders as pawnbrokers, back in 1993. The state also requires that title loan lenders be licensed and show proof of licensing in-store.
LoanMart offers competitive rates that some traditional lenders just can’t afford to offer. LoanMart is the kind of company that cares about you, so if you ever feel like your payment plan isn’t working for you anymore, we will be more than happy to revise or even create an entirely new payment plan with new competitive rates and convenient terms that work better for your unique financial situation.
Did you know that there is an entire legal document dedicated to explaining title loans? In the state of Missouri, all of the terms, requirements, and other legal details of title loans can be found in the “State of Missouri Consumer Credit Laws.”
This legal document takes up about 183 pages of double column text. LoanMart has your back, that’s why we did the reading and researching for you.
The maximum amount you can borrow through an online payday loan is $500, though you can borrow less than that amount. Also, you are only permitted to have a single payday loan from a given lender in Alabama at a time. Once you pay that loan off, there is a short cooling off period during which you can’t borrow from that lender again.
There are lots of sketchy types of funding that have strings attached like that. Many payday loans, registration loans, and unsecured loan lenders have sneaky business tactics designed to set you up for failure, so they can get more of your money and possibly your car.
Some lenders will try to push unsecured loans, such as a signature loan, because then they want to charge high interest rates. Other lenders like payday loan lenders try to make their loans sound like a great idea, but they leave out the fact that you only have a short amount of time to pay back the payday loan in its entirety before you are charged with sky high interest rates.
Instead of wasting your time driving around to different locations and meeting with potential lenders, just go with one of the best ones that is only a click away. At LoanMart, you may get approved and receive fast funding for a car title loan almost exclusively online. That means you could get your money and not even have to leave your house!