When one fast loan isn't enough to cover your expenses, you may wonder: Can you get a payday loan when you already have a title loan? The answer isn’t one-size-fits-all, but we’re here to help you understand your options.

At Tennessee Title Loans, Inc., we offer different types of fast loans to help you through tough times. From title loans to payday loans, you have choices, but it's important to know how they work before applying for more than one.

Title Loans vs. Payday Loans: What’s The Difference?

First of all, you might sit there wondering what Tennessee title loans or payday loans even entail.

A car title loan involves an appraiser determining the value of your vehicle, earning you up to a $2,500 loan. Keeping your car is just one of the many benefits of choosing a title loan from Tennessee Title Loans Inc., and yet you may also consider a payday loan from the same place.

Payday loans offer you the ability to get up to an extra $400, to help you make it to your next payday. Whichever type of loan that you choose should depend on your financial needs.

What Do You Need For A Title Loan?

To apply for a title loan in Tennessee, bring:

• Your vehicle
• The lien-free title
• A state-issued photo ID

Your car stays with you, and you can apply online or in-store.

What Do You Need For A Payday Loan?

For a payday loan, you'll need:

• A state-issued photo ID
• A blank check from an active checking account
• Your most recent pay stub

You must also be at least 18 years old to qualify.

Something that must be noted includes that to apply for either type of loan, you must be at least 18 years old. Acquiring loans in Memphis, Dickson, or any Tennessee Title Loans Inc. location requires them to know that you possess the discipline to handle it.

No Need To Have Unanswered Questions About The Process

There exists many important things to realize while you sign up for either option. One of them includes the fact that you’re not alone during the whole ordeal. You will find knowledgeable loan representatives on the line when you call Tennessee Title Loans Inc. with any questions that you may possess. The support that they provide remains second to none.

You can be sure that you have all of the facts before you sign any documentation. Needing money to just get through the week can lead to a feeling of uncertainty. Luckily, your loan representative can be there for you so you're not alone.

Can You Get Both Loans At The Same Time?

So, can you get a payday loan if you already have a title loan? In many cases, yes.

As long as you meet the qualifications and can manage repayment, you may apply for both. Every situation is different, so it's best to speak directly with a loan representative at your local Tennessee Title Loans, Inc. location to evaluate your options.

Should You Take Out Both Loans?

Just because you can take out both loans doesn’t mean you should. Ask yourself:

• Can I afford to repay both loans on time?
• Am I using these fast loans for essential expenses?

Your loan representative will help you decide what makes sense for your current financial situation.

Speak To A Loan Expert First

Whether you're exploring payday loans near you or thinking about getting a second loan, don’t make the decision alone. Our knowledgeable team is here to explain the process, answer your questions, and guide you toward the best option.

Ready To Apply?

If you’re still wondering can you get a payday loan when you already have a title loan, the best next step is to talk with a loan representative. They can walk you through both processes and help determine what’s right for you.

Start online today or visit one of our many Tennessee payday loan locations. Apply for a payday loan now.

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