Facing a financial emergency? A payday loan can be a quick solution. Use this essential checklist to ensure you’re prepared for a Tennessee payday loan application.

Payday loan requirements can differ from state to state and even from one lender to the next, but the standards for these same-day cash loans in Tennessee are similar across the state. 

Your checklist should have a few essential items, in case a lender asks. In this article, we will go over those items so you can add them to your Tennessee payday loan checklist. 

Key Requirements For A Payday Loan In Tennessee

A Picture Identification

Loan approval will require an official identification issued by the State of Tennessee. That could be a driver's license or a regular state identification. However, it must be a picture ID and a government-issued identification to verify your identity and legal age. 

If you apply for a loan through a traditional banking institution or a private lender, proof of identification is a must.

A Pay Stub

Applying for quick payday loans in Tennessee doesn't require collateral (assets) for approval. Your job is your collateral. However, they do require that you have a regular income, whether that income is from traditional employment or untraditional employment, with a paycheck that you receive weekly, bi-weekly, or monthly. 

You must have your most recent pay stub available to ensure that the lender you are working with validates your income. This is how they determine how much you can borrow. 

A Blank Check

Payday lenders in Tennessee require a blank check from an active checking account. Plus, the account must be in your name. 

A lot of people question this, but the reasoning is simple. Your payday loan cash will likely be deposited into your account, or your agreement may specify to pull payments directly from your account when you get paid. Again, that depends on the lender. 

You must have a checking account to ensure the money can be legally deposited and withdrawn from your account.

A Recent Bank Statement

Sometimes, applying for a cash advance on your paycheck will require you to show your last monthly bank statement, as part of the payday loan requirements. 

Since many opt to get those electronically, print them out on your Tennessee payday loan checklist.

Referrals From Friends

Now that you know the Tennessee payday loan requirements that you need to apply for these same-day cash loans, you should also know that some payday lenders will ask the consumer for a few personal references as part of the application process. If they ask for this, please have a few relatives and friends' phone numbers and addresses. 

Advantages Of Payday Loans For Emergencies

When you consider borrowers’ credit scores, payday loans have advantages over traditional loans from a bank or credit union. For example, at Tennessee Title Loans Inc., we welcome all types of credit to apply, so whether you have bad credit or no credit, you can still get approved for the emergency cash you need. Payday loans typically don't include a credit check, as they are short-term loans designed to be paid off within your next paycheck and provide you with fast emergency cash.

It's easier and quicker to get a payday loan than to seek a loan from a bank. Traditional banks have more extensive paperwork and can make you wait a week or two for a decision. 

Where Do I Go For A Payday Loan?

At Tennessee Title Loans Inc., we offer a payday loan amount of $100 to $400. Our payday loan requirements are:

• A driver's license or other state-issued ID
• Your most recent pay stub
• A blank check from the active banking account in your name
• A 30-day bank statement from that account 

How Do These Same-Day Cash Loans Work?

The process for applying for a payday loan with Tennessee Title Loan Inc. is straightforward.

1. Fill out the inquiry form on the website.
2. Wait for a call from a loan representative from one of the locations closest to you. 
3. Our loan representative will further explain the process and set up an appointment for you to bring all your required documents into the store. You may also choose to complete the online payday process over the phone.
4. Once in the store, all of your documents will be verified, and a representative will guide you through the approval process. 
5. Those who are approved and agree with the terms, fee, and interest rates can sign the agreement to get money either the same day or the next business day. The in-store process can be done in as little as 30 minutes.

We welcome borrowers from all credit backgrounds, and those with bad credit or no credit can apply.

Complete The Online Form To Get Quick Payday Loans In Tennessee Today!

Ready to secure the cash you need? Start your payday loan application with Tennessee Title Loans, Inc. today for fast, convenient service tailored to help you through any financial emergency.

Complete the online inquiry form and gather the Tennessee payday loan requirements on your Tennessee payday loan checklist to get the emergency money you need 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.