Funeral expenses can be overwhelming, and sadly, they often come at unexpected times. If you’re worried about how to pay, there are ways to get help with funeral costs in Tennessee. In this guide, you’ll learn about options to reduce expenses, financial resources available, and how a Tennessee flex loan can provide fast assistance.

Focus On Reducing The Cost Of A Funeral

Before you explore outside funding, consider ways to lower the overall cost of a funeral. Talk to the funeral director about trimming unnecessary expenses or ask if they offer a payment plan. Even small adjustments can help ease the burden.

According to recent reports, the average cost of a funeral in Tennessee is between $7,000 and $9,000, depending on services. Looking for ways to reduce this amount can make other funding options stretch further.

Check Life Insurance Policies

If your loved one had life insurance, then we suggest that you track down the policy. Many life insurance policies will cover funeral expenses. In some cases, they will be able to make a payout for funeral costs before the funeral, which can save you a rather large sum of cash.

In other cases, your loved one may have a specific funeral insurance plan. Many older people are opting for this sort of plan nowadays and, if you can track it down, you can discuss it with the funeral director that they hold the plan with. Again, this could save you some money.

Explore Probate or Estate Funds

If your loved one had cash in the bank, or substantial assets, then chances are that the estate will need to go through probate. You can talk to the lawyer handling the probate here. In some cases, there are ways that funds can be released from the estate to help cover funeral expenses. Although, these situations are quite rare.

Share The Costs With Family

Sadly, it isn't just you that has lost a loved one, but many other people have too. The cost of the funeral shouldn't rest squarely on you. If you are having issues covering the full cost of the funeral, then talk to friends and family members. Sometimes, you will be able to spread the cost across a few different people. It makes the funeral much cheaper for everybody.

Do bear in mind that this will come with a caveat, though. When you have multiple people funding the funeral, you will need to listen to them when they have suggestions for the funeral. So, if you have a 'perfect vision' about what the funeral will be like, you will likely need to make a few compromises. 

Consider A Tennessee Flex Loan

When savings, insurance, or family support isn’t enough, many turn to a Tennessee flex loan. Unlike payday loans, a flex loan functions more like a line of credit, giving you the ability to borrow what you need and repay over time.

With Tennessee Title Loans, Inc., the process is designed to be quick and simple:

1. Start online with a short form.
2. Speak to a representative by phone.
3. Visit a nearby location to finish the process.

Funds are often available the same day, helping families cover funeral expenses without delay.

Learn more about how a Tennessee flex loan works.

Get Help With Funeral Costs Today

The cost of a funeral means that it is not uncommon for people to need help with funeral costs. While there are several ways that a person can receive assistance, one option is a Tennessee flex loan from Tennessee Title Loans, Inc. With an installment loan, you could borrow the cash that you need to cover funeral expenses in just a few hours. Get started by filling out the short form on this website.

FAQ: Flex Loans in Tennessee

What is a line of credit?

Our line of credit gives you access to money “on demand.” You can draw on it up to a maximum amount of $4,000 for a set period of time. You’ll only pay interest when you borrow on the line of credit. Once you pay back borrowed funds, that amount is again available for you to borrow. With this flexible borrowing option, you can choose when to take out the money, pay it back and borrow again, as long as you adhere to the terms as well as paying off what you borrow on time and in full.

What are the requirements for a line of credit?

The only items you need to qualify for a line of credit are:

• Your Driver’s License or State Issued I.D.
• The Lien-Free Title to Your Vehicle
• Your Vehicle for Inspection
• Proof of Income

Can I qualify even if I have bad credit?

Yes! Any credit is welcome. You do not need excellent credit to be approved for a Tennessee line of credit.

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