Financial emergencies have a way of appearing when you least expect them, medical bills, home repairs, car trouble, or a sudden trip you didn’t plan for. When you don’t have enough saved to cover these urgent costs, the stress can quickly build.

For Tennessee residents who own their vehicle, a title loan may be an option to manage these unexpected expenses. In this guide, we break down the main benefits of cash title loans and how the approval process works at Tennessee Title Loans, Inc.

Five Advantages Of Title Loans In Tennessee

Those who own their cars outright can use their Tennessee title as collateral for title loans. This type of secured loan can provide many advantages Tennessee residents can take advantage of in an emergency financial situation. Tennessee title loan perks can include the fast process, receiving thousands of dollars for emergencies, and the type of borrowers allowed to get approved for this emergency loan.

The following are five advantages of title loans for Tennessee drivers:

1. Approval For Up To $2,500

One of the significant cash title loan benefits is how much you can get approved for. At Tennessee Title Loans, Inc., approved borrowers can receive between $300 and $2,500. How much you receive depends on the value of your vehicle.

A quick inspection helps determine this amount by reviewing the vehicle’s:

• Make
• Model
• Year
• Current condition

You can get approved for the maximum value and pay for an expensive financial emergency with Tennessee title loans. However, you should only seek as much money for a car title loan as you need to help with repayment.

2. The Approval Process Can Take Less Than A Day

Another Tennessee title loan perk is how long the approval process takes. When getting a cash loan at a bank, it can take weeks to see if you can get approved. When seeking a Tennessee car title loan, you will know whether you can get the emergency money you need within one business day.

Tennessee Title Loans, Inc. keeps the process as fast and simple as possible for potential borrowers. We even allow borrowers to get online title loans using our online form to start. You can get approved for a title loan in less than a day, with our in-person section of the approval process taking less than 30 minutes. If approved, you can receive your emergency cash the same day or the next business day,

3. Small List Of Requirements

One of the reasons the approval process is so fast is that you only need a few items to get approved for a Tennessee title loan. Borrowers must be 18 and have paid off their car fully to get approved. Other than that, you will only need to gather three items to show to a loan representative to see if you can get approved for fast cash from a title loan.

The following are the required items you need for a Tennessee title loan:

• Your Tennessee driver’s license or other state-issued ID
• Your lien-free car title with your name on it
• Your vehicle for a quick inspection

These minimal requirements help keep the process fast and stress-free.

4. Tennessee Title Loans Are Available To Bad Credit Borrowers

Your credit score isn’t a major factor with this type of loan. Since the title acts as collateral, borrowers with good, bad, or no credit can still be considered for approval.

This can be especially helpful for people who are rebuilding their financial confidence.
If you’re currently working on improving your credit, you may find this guide helpful:
How to Improve Your Credit Score

5. You Can Keep Your Car During Title Loan Repayment

One worry you may have about title loans is that you need to hand over your car during the repayment process. This is not the case; Tennessee title loan borrowers can keep their car during repayment. Getting a title loan will not disrupt your life, and you can continue to drive your car to work, school, the store, home, and other places. You are only in danger of losing your car if you default on your loan.

What Steps Are Involved In The Swift Approval Process For Tennessee Title Loans?

Now that you know the advantages of title loans in Tennessee, you can decide whether this loan is the right choice for your financial emergency. If you want to take advantage of the Tennessee title loan perks, you can contact Tennessee Title Loans, Inc. today to start the process. We offer online title loans that simplify the process for Tennessee borrowers.

The following are the steps involved in getting a Tennessee title loan:

• Fill out our online form with your basic information
• Speak to a Tennessee title loan representative over the phone
• Agree where to meet in person for a meeting, such as your home or office
• Gather your required items and head to the in-person meeting
• Have the loan representatives verify your required items
• Allow the loan associate to inspect your car to determine its value
• Sign title loan documents
• Receive your quick cash the same day or the next business day

Benefit From Tennessee Title Loan Perks Today

The abovementioned Tennessee title loan perks can benefit those facing a financial crisis they do not have the funds to afford. At Tennessee Title Loans, Inc., we can help those who need fast cash with our swift process for getting approved for a Tennessee title loan. Fill out our online inquiry form today and hear from one of our friendly loan representatives over the phone soon.

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