Tips to Get An Emergency Loan for Medical Expenses

May 06, 2021 | Emma Frost

emergency loan for medical expenses

Healthcare is very costly in the US, and it can be difficult to get by without taking a loan for medical expenses. You are not unique in this situation, as most people in the US will usually need assistance to cover unplanned medical expenses.

If you find yourself in a similar situation – with mounting medical bills you did not account for – you might want to look into getting a title loan for medical expenses and avoid bank loans altogether.

Why Should You Get A Title Loan for Medical Expenses?

Title loans are some of the – if not the – most accessible loans out there. The application procedure is quick and straightforward. And If you decide to apply for a loan at Tennessee Title Loans Inc. you can even get an instant online title loan in only a few minutes, instead of having to drive to a store.

And, perhaps most importantly, you can get your money QUICKLY. In fact, if you apply early in the day, you could get the cash you need the very same day you applied for it!

If you have only got limited time and need money quickly, title loans are probably the best option for you to consider.

Who Can Qualify for A Title Loan for Medical Expenses?

In short – any car owner that is of legal age could potentially qualify for title loans in Tennessee.

Qualifying for title loans is easy. It is a secured type of loan with your car acting as collateral, so lenders are relatively more relaxed in their approval procedures and do their best to accommodate potential borrowers.

We would even say that it is harder NOT to be eligible for a loan than the other way around. As long as you’re not a minor and your car title is in your name – you’re very likely to get a loan.

pay off your medical debt with a title loan

What Will I Need to Apply for a Title Loan for Medical Expenses?

As mentioned above title loans are easy to qualify for – largely due to the short and flexible qualifying requirement list.

That said, you do need to provide the lender with certain items for them to be able to approve you. And if you do not provide the basic requirements, unfortunately, even the most determined loan representative will not be able to assist you.

To get a loan at Tennessee Title Loans Inc. you will need:

  • A state-issued photo ID or a driver’s license – as mentioned above, minors cannot apply. And lenders are not allowed to just take your word that you’re of legal age. You will need to provide a valid government-issued document verifying your identity and age.
  • Your car – the car will be considered collateral, and depending on the model and its condition, the representative will determine how much cash you qualify for (between $300 and $2,500)
  • The car’s title – it must be lien-free (without any financial obligations against it), and in your name. Keep in mind that you will not be able to use a title that is in another person’s name!

Will The Lender Take My Car?

The answer is simple. No.

While the car will be acting as collateral, it is the title that will stay with the lender as a guarantee. Hence the name – title loans. You are free to drive the car while paying the loan off, and once you are done, you can get your title back.

Can I Get A Title Loan for Medical Expenses If My Credit Is Bad?

Yes, you can.

Not only can you get a title loan if your credit is bad, but you can also get it even if it is outright nonexistent – as long as your required items are in order.

Can I Get A Title Loan for Medical Expenses If I Am Unemployed?

Yes, you can. Employment is not a requirement for a title loan.

Unemployment and welfare benefits, worker’s compensation, pension, and even savings have been successfully used by borrowers to pay off loans at Tennessee Title Loans Inc.

If you are still not convinced – you can ask the loan representative that you will be working with for more details.

get quick emergency cash from a title loan

Get A Title Loan for Medical Expenses Today

If you have managed to get the required items – your state-issued ID/driver’s license, your car, the car’s lien-free title in your name – in order, getting a title loan will be quick and easy.

Go to the Tennessee Title Loans Inc. website, find the online form for title loans, fill it out and submit it. When the form gets processed you will be contacted by a representative from the nearest one of their Tennessee title loans locations. They will provide further instructions and set up a meeting with you.

Take the required items listed above to the meeting. The loan representative will perform a quick check-up on the car and documents to determine if you qualify for the loan.

If they determine you are eligible, you will complete the easy paperwork right there and then, get approved, and get the cash you qualified for! This entire procedure typically takes less than an hour and could even take as little as 30 minutes.