Do I Need Good Credit For Payday Loans In Memphis, TN?
An emergency arises, and you need quick cash to address an urgent need. If you have bad or no credit, you may wonder if there are payday loans Memphis, TN, no credit check. Thankfully, these loans exist, and you can discover if they're an option for you today.
The critical requirement to getting payday loans Memphis, TN, no credit check is to have a regular source of income. You will need proof of income, identity, and an active checking account in your name to make it happen.
From a high utility bill to a medical expense, payday loans can be used for an unexpected expense or a financial emergency. If you believe bad credit may prevent you from a payday loan, keep reading to discover how Tennessee Title Loans, Inc. can provide an emergency option.
No Credit Check Payday Loans In Memphis, TN
How Did I Get Into This Situation?
Many people are just like you. They're working, trying to take care of their families but don't have enough money when something unexpected happens. Some people are just now returning to work after the pandemic and have yet to catch up on bills that got behind.
Statistics show that 33 percent of Americans have less than $100 in savings, and another 34 percent have yet to save more this year than they had at the end of 2022.
Does Credit Matter?
Credit matters in the long-term evaluation of things. Banks are getting tighter with loan approvals, and they can take a couple of weeks to run through the process. Most banks and financial institutions will only approve people below 600 on the FICO credit score. However, good credit doesn't guarantee a loan these days, either. Those on the cusp of a falling credit score or who have no credit have another option that could be the right one.
What Are Payday Loans?
Payday loans are self-explanatory—a direct lender loans you money based on your regular income. You pay the loan back when you get paid. In contrast to title loans, with payday loans, no credit check is required and no collateral. These loans can be a bridge to pay some things while you build back your credit. A bonus is that your credit score will not be impacted because there isn't a hard credit check, and payday loans aren't reportable to the credit bureaus.
The No Credit Check Payday Loans Option
Tennessee Title Loans, Inc. is a lender that offers payday loans, title loans, and lines of credit. Our payday loans Memphis, TN, no credit check option provides loans between $100 and $400. The final part of the payday loan process takes place in-store and can take as little as half an hour. At the end of the process, you can get your emergency cash either that day or the next business day. Our requirements are simple:
- Your most recent pay stub
- A driver's license or state-issued ID
- A blank check from an active checking account listed under your name
Benefits Of A Payday Loan
Payday loans are an option for several reasons. First, your job or regular income is your credit, so they are easier to get even if you have bad credit. They are paid back quickly--usually when you receive your next paycheck--and aren't reported to the credit bureaus. That means your score won't suffer when you take one out.
It's essential to go with a reputable company when taking out a payday loan. It must be licensed in the state and has a good reputation. That is where Tennessee Title Loans, Inc. pulls ahead of other companies offering payday loans.
Our Tennessee Title Loans, Inc. representative will take the time to answer all your questions so that you feel comfortable about your choice. The process is transparent and non-judgmental. It is also convenient because it starts online. It is confidential because the online form is secure.
Getting A Payday Loan With Tennessee Title Loans, Inc.
You can get started today by taking these quick and easy steps:
- Fill out our online inquiry form to start the process for payday loans Memphis, TN.
- One of our trusted loan representatives will call you and answer any questions. They will tell you exactly what they need for you to be eligible for a loan and make an appointment.
- Bring the requirements to the Tennessee Title Loans, Inc. location near you. You will need to bring your pay stub, a blank check, your license, and a 30-day bank statement showing your checking account as being active. A store associate will verify the items and help you through the rest of the process.
You will know if you're eligible for payday loans Memphis, TN, before you leave. You can receive your emergency money that same day or the following busines day.
Visit one of our four Memphis, TN, payday loan locations that is nearest to you today!
Fill Out Our Online Form Today!
Our online inquiry form is quick and easy to fill out. It doesn't mean you must take out the loan, but you'll discover if payday loans Memphis, TN, no credit check are an option for you. This short-term loan can help you now but doesn't hang over your head for months. This type of loan is an option when you need emergency money.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.