Reasons Why Title Loans Are An Option for Those with Bad Credit

February 24, 2024 | Louis Tully

Woman surprised over title loan benefits

In times of financial emergencies, getting a loan might be the only option. But for people with bad credit, it is not as easy as just going to the nearest bank. In such situations, getting title loans might well be the an option. Title loans are essentially short-term loans that you can get with your vehicle’s title held as collateral.

Here Is Why Title Loans Are An Option If You Have Bad Credit

1. They Help You Handle Emergencies

As mentioned earlier, a title loan can be really handy in times of financial emergencies such as paying off sudden medical bills, home or car repairs, or unexpected travels. Emergencies such as these can be really expensive especially if you do not have insurance. Most people do not have an emergency fund to fall back on, so a title loan can be a way out in this case.

Knowing that you have a car with a title in your name should really give you peace of mind in case an emergency befalls you, as it means that you can get a title loan.

2. You Can Get Title Loans with Bad Credit

One of the biggest reasons why title loans are so popular is that you can get them even with poor credit. Title loan lenders, like Tennessee Title Loans, Inc. accept bad credit, and you can qualify even with no credit score at all. This is extremely important, especially if you consider that most people in need of quick loans have been out of luck because of a low credit score.

In case of title loans, a title to your vehicle is a good enough guarantee to lend you money. Plus, they will not affect your credit score at all.

3. You Can Get a Title Loan with Any Vehicle

Another reason to consider title loans as a quick cash option is you can get them with either a car or a truck title as long as it’s in your name and lien-free. This means that there is no outstanding claim or judgment against it.

If the title is not in your name, you will have to go to the DMV and fix that. Also, the loan amount that you qualify for will depend on your vehicle’s appraised value, which means your car has to be in good condition.

4. Keep on Using Your Vehicle

A lot of people think that getting title loans means forfeiting your car. The truth is – you will be able to drive your vehicle after getting a title loan if you pay it back on time. Remember, your title serves as a collateral, not your car.

5. Quick and Easy Process

Title Loans are also very easy to acquire, because they do not require the same amount of time or back breaking paperwork that traditional loans do. Nowadays, you can get title loans online, and with Tennessee Title Loans, Inc. the process is much more straightforward than with anyone else.

Secondly, traditional banks usually make you keep waiting while digging deep in your credit history. It’s a different story with title loans, as you can get the loan amount credited to your bank account the very same day.

6. Title Loans Don’t Require Long-Term Commitments

Another advantage of getting title loans is that they are short term in nature and do not require long-term commitments. Most car title loans have to be repaid within 2 to 4 weeks, although some might allow a few months.

get title loans with bad credit

Tennessee Title Loans

If you live in the State of Tennessee, then you’ve got to check out Tennessee Title Loans Inc. We have stores scattered throughout the state which makes it comfortable for you to choose whatever is closest to you.

The main advantage of title loan services offered by Tennessee Title Loans is that they are easy to acquire and ensure fast payment. The whole process is hassle-free and takes just 30 minutes. All you need to do to get started is fill out an online form. Once your loan has been approved, the cash will be transferred to your account on the same or next day.

With Tennessee Title Loans, Inc. you can get $300-2,500 cash the day you apply!

How to Acquire Tennessee online title loans no store visit

In order to acquire a title loan, you can either visit our store in an old-fashioned way or you can get online title loans no store visit. This is the step-by-step process for acquiring car title loans:

  • Go to the Home Page of our website.
  • Fill out the online form.
  • Once you are finished, you will get a call from a representative who will schedule your visit to the nearest Tennessee Title Loan locations.
  • Bring your car, title, and the driver’s license/State ID to the meeting place.
  • The representative will check your papers, inspect your car, and let you know the loan amount you are eligible for.
  • Once it is done you will get the amount deposited into your account the same day.

Bad credit might be a problem, especially when you need quick cash urgently, and banks say “No”. However, with Tennessee Title Loans this problem doesn’t exist, as we welcome all types of credit, even non-existent. So, what are you waiting for? Get started today!