When you're facing a financial emergency, you might consider applying for online payday loans. But before you do, it's important to understand how they work, who qualifies, and how to apply.

In this guide, we’ll cover everything you need to know about applying for online payday loans, so you can make an informed decision when you need quick cash.

What Are Online Payday Loans?

Online payday loans are short-term loans that provide fast cash, usually $100 or more, to cover emergency expenses. The loan is lent to a borrower under the agreement that it will be paid back – either in full or partially – when the borrower receives their next paycheck. Payday loans can be quick and easy to get, depending on the lender.

The application process can take as little as 30 minutes at certain locations and the customer can receive the money the same day or the next business day. Also, an online payday loan can be issued with bad or even no credit.

What Can You Use a Payday Loan For?

Online payday loans should be used for urgent financial needs, such as:

If you need to fill your fridge with fresh food, fix a broken part of your car, or deal with an unexpected and urgent expense, you can use a payday loan. They can also be used to cover routine living expenses such as credit card payments, utilities, rent, car payments, and mortgage payments.

At the end of the day, you can use online payday loans for whatever you want, but you’d be well advised to choose wisely. They should not be used for frivolous purchases like shopping sprees.

Who Is Eligible to Apply for Online Payday Loans?

If you have a job, a checking account in your name, and a driver’s license or state-issued photo ID, you are eligible for online payday loans. To receive a payday loan, most lenders will require you to show documentation proving you are who you say you are and that you are employed.

Unlike many traditional loans, payday loans usually don’t require a credit check. This makes them an option for people with bad credit or no credit history.

How to Apply for Online Payday Loans in Tennessee

At Tennessee Title Loans, Inc., you can apply for an online payday loan quickly and easily in a few simple steps.

1. Apply online or in-store. You can easily apply for a payday loan by filling out the quick online inquiry form on our website. You can also visit a branch in person or give us a call first. Explore our website to access the online form and find locations near you.
2. Wait for the call. Once you submit your online form, a representative from the nearest location will give you a call to go over the required documents, answer any questions you may have about the process, and schedule a time for you to meet.
3. Prepare your documentation. When you meet with our representative, remember to bring your driver’s license or state-issued ID, your most recent pay stub, a recent 30-day bank statement from your checking account, and a blank check from an active checking account in your name.         
4. Meet with a representative. The representative will verify your required documents and walk you through the final stages of the approval process which includes simple paperwork.
5. Get approved. Once approved, you will receive the money on the same day or the following business day.

Why Choose Tennessee Title Loans, Inc.?

When you apply for online payday loans with Tennessee Title Loans, Inc., you get:

• Fast approval: The entire process can take as little as 30 minutes.
• No credit check required: Apply even with bad or no credit.
• Loan amounts up to $400: Use the cash for any emergency expense.
• Flexible repayment options: Make payments based on your next paycheck.

Get Started Today!

Payday loans can provide much needed relief to those who find themselves needing to take care of an emergency expense. If you are in a financial bind, are struggling to afford everyday expenses, or have a sudden financial emergency, don’t hesitate to find help at Tennessee Title Loans, Inc. Fill out our quick online inquiry form to get your payday loan in as little as 30 minutes. Don’t let time pass you by – contact us today.

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