Finding a 200 dollar loan may be necessary when faced with unexpected medical bills, overdue rent or mortgage payments, or surprise travel costs. Thankfully, Tennessee Title Loans, Inc. can help: we offer multiple loans that can get you $200, and you can even get approved with bad credit!

In this guide, we will outline how to get a $200 loan with title loans and payday loans. We will also discuss how you can get approved for our loans with bad credit or no credit.

What $200 Loans Can You Get In Tennessee?

When facing unexpected expenses, you may not be able to wait until your next paycheck to pay them. You may need money now. While you can turn to friends and family, they may not have the money you need.

Looking for a $200 loan today? Tennessee Title Loans, Inc. can get you the money you need with our two bad credit loan options:

1. Title Loans

A title loan is a secured loan using your vehicle title as collateral. Depending on the value of your vehicle, you can borrow up to $2,500 – much more than the $200 you need. You can only get approved for a title loan if you have fully paid off your car, truck, or motorcycle.

We must place a lien on your vehicle title, so you must have paid off any outstanding debts, judgments, or liens. How much you can borrow depends on your vehicle’s value, which we will determine with an in-person inspection.

During the in-person meeting, you will also have to show these three required items:

• A driver’s license or state-issued photo ID that displays your full name and age
• A lien-free vehicle title in your name
• Your vehicle for a quick inspection

If you prefer a loan option without collateral, you can seek a payday loan worth $200.

2. Payday Loans

A payday loan, also known as a cash advance or payday advance, is an unsecured loan that does not require collateral. You will just need to prove you have current income with your most recent pay stub.

A cash advance is worth up to $400, with the value depending on your income level and ability to repay. After borrowing the loan, you will have to repay it with your next paycheck, so make sure you only borrow as much as you need.

Much like title loans, the required items for payday loans are simple:

• A state-issued photo ID that verifies your identity and age
• Your most recent pay stub
• A blank check from an active checking account in your name

Can You Qualify For Title Loans And Payday Loans With Bad Credit?

Looking for a $200 loan for bad credit? Both title loans and payday loans can fit the bill. You won’t have to prove your creditworthiness for either loan.

Title loans are secured using collateral, so the loan lender has a backup option in case you cannot repay the loan on time. You won’t have to prove you have good credit because they have your lien-free vehicle title.

A cash advance is a short-term, low-value loan option, so you won’t have to prove your credit score. While we may conduct a soft credit check, this is to determine the value of your loan – it will not affect approval. You can get title loans and payday loans with bad credit or no credit.

Which Bad Credit Loan Should You Choose?

While you can get approved for $200 for both of these bad credit loans, the requirements and specific advantages of each can set them apart. Both work best for certain circumstances, despite both giving you the amount you need.

A title loan is better for a more severe emergency because it involves risking your vehicle title as collateral. For example, if you risk losing your apartment by missing a rent payment, it may be worth taking out a title loan. However, you must come up with a repayment plan to avoid losing your car.

A payday loan is better for less dramatic situations where you just need money quickly when you can't wait until your next paycheck. It’s also best for those who haven’t paid off their car yet or don’t wish to risk their vehicle for such a low-value cost. Both can work for your situation, but you must weigh the positives and negatives before making your decision.

Where Can You Get Title Loans And Payday Loans Near Me?

If you decide to go for one of these loan options, Tennessee Title Loans, Inc. can help. We have a straightforward approval process that will take less than a day. You can start from your home before visiting one of our Tennessee stores to finish the process in less than half an hour.

We have 24 stores in Tennessee; there should be at least one within 20 miles of you. Here are some of the cities with Tennessee Title Loans, Inc. store locations:

• Nashville, TN
• Memphis, TN
• Knoxville, TN
• Jackson, TN
• Athens, TN
• Cookeville, TN
• Dyersburg, TN
• Bristol, TN

How To Get Payday Loans And Title Loans In Tennessee

As long as you have the required items we mentioned above, you should be able to get approved for our title loans or payday loans the same day you apply. Our simple process just takes a few easy steps. You can even start from your home with our online form before meeting us at one of our Tennessee stores.

Here are the steps involved in getting title loans and payday loans in Tennessee:

• Fill out our online loan form with your basic details
• Answer our phone call to discuss loan terms
• Gather your required items and head to the nearest Tennessee store location
• Get your requirements verified in person
• If you’re getting a title loan, have your vehicle inspected for its value
• Sign the loan agreement to complete the process
• Receive your loan cash later that day or by the next business day

You can get same-day approval for our bad credit loans by following the process above. We will walk you through each step and ensure you understand all of the terms and conditions. If you are confused at any point, you can stop and ask us any questions. Apply online today to start the process for getting a $200 loan for your emergency.

FAQs For $200 Bad Credit Loans

Do title loans and payday loans lower my credit score?

We do not report our loans to the major credit bureaus. Since we also avoid hard credit inquiries, that means you can borrow money without affecting your credit score.

Do you need to borrow the maximum amount you are approved for?

While you may get approved for the maximum amount for our loans, you don’t need to borrow that much. If you only need $200 to cover your expenses, you should only borrow $200. It can help with repayment and won’t lead to unnecessary debt.

How does repayment work?

With payday loans, you repay the loan with your next paycheck. For title loans, you usually have up to 30 days to repay the loan. You can do it in a single lump-sum payment or spread it out over a few payments. Our easy-to-use online repayment portal lets you pay as you earn.

Get A $200 Loan For Bad Credit – Receive Emergency Cash Within One Business Day

Need $200 today, but have bad credit? Don’t worry; Tennessee Title Loans, Inc. can help with our simple approval process for our title loans and payday loans. You can get approved and receive your cash within one business day, regardless of your credit history. Get started today by filling out our online form, speaking with us over the phone, and getting approved in person in less than 30 minutes!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.