Can You Get a Flex Loan with Bad Credit?
Thinking about getting flex loans for bad credit but don't know if you qualify or one? You're in the right place. In this post, we are going to walk you through everything you need to know about this loan type.
All You Need to Know About Flex Loans for Bad Credit
What Is a Flex Loan?
Flex loans for bad credit are a type of unsecured loan that enables you to access cash that you can draw down and pay off whenever you like. With a flex loan, you’ll be required to make a minimum payment each month until you repay the total.
Unlike personal loans, flex loans for bad credit do exist. While not everyone with poor credit history/scores will qualify for a traditional bank loan, you have a higher chance of obtaining a flex loan in Tennessee if you’re a car owner. If you have other questions about flex loans, read our FAQs page.
Advantages of Flex Loans for Bad Credit
From the definition of a flex loan, you may already know about the advantages of flex loans for bad credit, but let us consider them in detail for a better understanding.
- They are typically easier to qualify for than standard loans.
- Poor credit scores and histories are welcome.
- You can access money whenever you need it, which makes them one of the most flexible and accessible types of financial aids.
- You will usually gain approval quickly.
How to a Find Flex Loan Lender
Can I find flex loans near me?
Yes, you can! If you choose Tennessee Title Loans, Inc. to be your primary lender. We have multiple locations throughout the state, and you can choose one that closest to you by visiting our store locations page on our website.
Qualifying for Flex Loans for Bad Credit
Credit cards and personal loans typically require you to have good to perfect credit scores in order to apply and gain approval. With flex loans Tennessee Title Loans, Inc. offers, however, you are likely to be approved whether you have great or poor credit.
Generally speaking, to qualify for a flex loan with Tennessee Title Loans, Inc., you need to:
- Be 18 years of age or older
- Have a vehicle that’s fully paid off with the title in your name
- Have a bank account
- Be able to show the proof of employment
Application Process for Flex Loans for Bad Credit
If you are the outright owner of a car, truck, or van, getting flex loans for bad credit is not a problem, even if your credit is non-existent. The process is incredibly quick and easy; it will be over in as little as 30 minutes!
All you need to apply is your vehicle, driver's license (or a different kind of state-issued ID), your lien-free vehicle title, and a proof of income. Once you ensure all of this is in place, just follow the step-by-step guide below and you’ll be able to receive up to $4,000 cash depending on the value of your car:
- Fill out the simple inquiry form on our website. It should take just a few minutes, as the form needs just basic information about you and your vehicle. Your information will not be shared with other entities and will be used just to confirm your interest in working with us.
- Wait for one of our friendly loan representatives to give you a call. They will tell you about the rest of the process, specify the documents you need to bring, and answer any questions. This is a great time to ask questions and learn everything that seems confusing about flex loans.
- Bring the documents and vehicle we mentioned earlier to your closest Tennessee Title Loans, Inc. location. You do have an option to choose a location that comfortable for you, and the loan specialist will arrive there.
- Wait while one of our loan specialists reviews your documents and conducts an evaluation of your vehicle.
- If they decide that you qualify for a loan, you will receive the amount on the same day and walk out of the store with cash in your wallet. Remember all of this can take as little as half an hour!
The best part is that you can keep your car while you are paying off the loan. All we keep is the title. Plus, we work with all incomes and all credit backgrounds so don't be afraid to apply. We can't wait to work with you!
Begin Today at Tennessee Title Loans, Inc.!
If you have realized that flex loans for bad credit are just what you need, don't hesitate to get in touch with us at Tennessee Title Loans Inc. Are you a resident of Nashville? Then you can apply for flex loans in Nashville, TN and get your cash in no time. To get started, all you need is to fill out a short request form on our website!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.