man with cash from title loans

Gain Financial Empowerment With The Advantages Of A Title Loan

A title loan from Tennessee Title Loans, Inc. can help if your finances are getting out of line and you’re struggling to keep up with your bills. A title loan leverages the value inherent in your vehicle without requiring you to sell it.

However, it’s essential to understand what you’re getting with this kind of loan. Let’s explore some of the advantages of a title loan and how it could give you financial empowerment today.

How Do Title Loans Help You Gain Financial Empowerment? 

1. They Offer Lump Sums

Often, when you need money, you don’t want it in dribs and drabs; you need a large amount all at once. A title loan from us can range up to $2,500, depending on what kind of car you have and its condition. If you’re eligible for a loan, we pay all the money at once directly into your bank account.

Of course, depending on your vehicle, you may not be eligible for $2,500. However, our smallest loan starts at $300, which will help you cover emergency bills and may prevent you from dealing with debt collectors.

Access to the sum will allow you to cover relatively large costs, such as home repair or medical bills. That can help you manage your finances and stay on track with your payments.

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2. They Let You Tackle Bills Promptly

People want their bills to end up with collection agencies; as mentioned above, this can lead to debt collectors, and it could also have a long-term impact on your credit score. That can stop you from borrowing money in the future, which may be problematic, especially if you plan to purchase a house.

However, with the money provided by a title loan, you can ensure your bill payments go out on time and don’t end up in arrears. Prompt payments can positively impact your credit score, so it’s worth remembering this.

3. They Don’t Require You To Give Up Your Vehicle

One of the most empowering things about a title loan is that you don’t have to sell your car to get money. You retain full use of your vehicle when you take out a title loan, provided you meet the repayment schedule that is agreed upon when you sign up for the loan.

That means you can get to work, run errands, etc., as usual. If you’re dependent on your vehicle for your income (as most people are), you won’t want to sell it, and a title loan can let you unlock some of its inherent value in another way. That means title loans can be beneficial in the right circumstances.

woman with cash from title loan

4. What Do You Need For A Title Loan?

You don’t need much paperwork to take out a title loan from us. We have simplified the process as far as we can. We only require a small amount of documentation, including some state-issued identification and the lien-free title to the vehicle. This needs to be registered in your name, so you’ll need to update it if it’s not.

Besides that, we need to see your vehicle in person, so when you’ve started the process, we will arrange a meeting with you at your chosen location. One of our trained agents will inspect the vehicle, inspecting its condition and ensuring everything is in order.

Once this is done, we can tell you whether you are eligible for a loan and how much you can borrow. If you wish to proceed, you’ll have to sign a few papers, and then you can continue with your day, and we’ll handle everything else on our end. We process the money within two business days of approval, so you’ll have it quickly if you’re eligible.

Get Your Title Loan Now

Are you considering getting a title loan from Tennessee Title Loans, Inc.? If so, you may be on the way to financial empowerment because you will have access to some ready cash that you can use to take care of your obligations. If you’ve got bills piling up and want to address them, a title loan could give you the necessary funds.

It would be best if you had a vehicle, the appropriate title, and some identification to be eligible to apply for a title loan. If you have those things ready, you can go ahead and complete our online form today. We have made it as easy as possible, and if you’re approved, you’ll get the money within two business days.


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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.