Financial emergencies can arise that require people to take out quick cash loans in Tennessee. A Tennessee vehicle title loan is an emergency loan you can get to pay for urgent expenses that you cannot afford.

This guide from Tennessee Title Loans, Inc. explains important facets of Tennessee title loans, such as what they are, when to use them, their requirements, and the process for getting approved. Use this guide to determine if a Tennessee vehicle title loan is the right loan for your financial situation.

The Top 7 Things You Should Now About Tennessee Title Loans

Before pursuing a title loan to help with your financial crisis, it’s essential to understand the critical details about car title loans. These crucial details will give you a clue as to whether a Tennessee title loan can help with your financial emergency. You can learn about the requirements and approval process to decide whether you feel you can get approved for emergency cash.

The following are seven things you should know before getting a Tennessee vehicle title loan:

1. You Must Have Fully Paid Off Your Car To Get A Title Loan

One of the first things you should understand before getting a Tennessee vehicle title loan is that they are secured, meaning you must use your lien-free vehicle title as collateral for the loan. A lien-free car title is on for a car that has been fully paid off, meaning the vehicle title has no outstanding liens or judgments.

If you have a lien on your car title, check your paper or electronic title for liens and remove them before applying to take out a loan. That way, you can go through the process of getting a Tennessee auto title loan without any hassle. If you don’t have a lien-free car title, then you won’t be able to take out one of our loans. We do alternatively offer payday loans for those who haven’t paid off their car yet.

2. Car Title Loans Should Only Be Used For Financial Emergencies

An essential aspect of a Tennessee vehicle title loan is that they are not designed for frivolous use; they should be saved as a last resort. Title loans come with risks and responsibilities that should be considered before borrowing. You should only use them for essentials that you cannot pay for.

Not paying your rent, for example, puts a stain on your credit record and often leads to costly repercussions. In this event, it’s usually better to take on the responsibility of a loan than to risk incurring further debt.

The following are some financial circumstances where title loans can help:

• Important home or auto repairs
• Expensive medical bills
• Emergency travel costs
• Late rent or utility payments
• Unexpected veterinarian bills

These situations, among others, usually necessitate a quick response; otherwise, they can be detrimental to your financial (and even physical) health. Using a Tennessee auto title loan can help you pay for these urgent expenses without suffering from late fees, service disruptions, lowered credit scores, and eviction.

3. Title Loan Requirements Are Simple

At Tennessee Title Loans, Inc., we only require borrowers to meet a few simple requirements. This allows borrowers to get approved for title loans without having to go through a long, complicated approval process. Tennessee borrowers who meet our title loan requirements can get approved for their quick cash loan and receive emergency cash quickly to handle their urgent expenses.

Borrowers must be at least 18 years old and have the following required items:

• Your lien-free title—We will verify that you own your car outright, ensure that you have no liens or legal claims against it, and the car title is in your name.
• Your identification—We’re required by law to verify your identity using your driver’s license, passport, military ID, non-driver’s license, or student ID.
• Your vehicle for inspection—We will inspect your car to determine its value.

4. Title Loans Are Easy To Apply For

Of course, knowing how to apply for one of our loans is essential if you’re interested. We keep the process easy, allowing borrowers to go through just a few easy steps to get approved. Traditional bank loans require borrowers to jump through many hoops over weeks to get approved; our Tennessee vehicle title loans only require a few steps you can complete in just a few hours.

The following is how to apply for a title loan with Tennessee Title Loans, Inc.:

1. Complete the online form provided on our homepage and wait for a representative to call you back
2. On the phone, ask any title loan questions and give your representative a meeting location if you prefer not to go to the store
3. Bring your required items to the meeting for inspection
4. Sit down with your representative; they’ll review your items and see if you qualify for approval
5. Provide your vehicle for a quick inspection to determine your car’s value
6. If you’re qualified, sign loan documents to complete the process
7. Receive your emergency funds the same day or next business day

5. Your Car’s Value Determines The Car Title Loan Amount

You’ll also need to bring along the car whose title you use as collateral. The car’s condition impacts the amount of money you may qualify for. Luxury cars, for example, will be worth more than commonplace ones. In addition, well-kept vehicles will usually allow more money to be borrowed.

In any event, your car is priced on a nationally recognized pricing scale, which we use to determine the amount of money you are eligible for in a Tennessee vehicle title loan. Our loan associate will inspect your car and use its year, make, model, condition, and mileage to determine how much you can borrow. We can allow people to borrow between $300 and $2,500 for our Tennessee vehicle title loans.

6. You Can Get Approved For A Bad Credit Title Loan

Since auto title loans use car titles as collateral, your credit score will not affect your ability to get approved. Car titles are high-value collateral, so you can get approved for a title loan no matter your credit situation.

At Tennessee Title Loans, Inc., we allow borrowers to get approved for bad credit title loans. We may do a soft credit check, but your credit situation will not affect your ability to get approved. We allow borrowers with bad credit or no credit to get approved for Tennessee vehicle title loans.

7. Tennessee Vehicle Title Loan Borrowers Get To Keep Their Vehicles

You may worry that using your vehicle title as collateral for a title loan may require you to give up your vehicle. This is not the case; Tennessee Title Loans, Inc. allows title loan borrowers to keep their vehicles while they repay their loans.

We do not want people to have their lives disrupted because they need emergency cash. After getting approved for a Tennessee vehicle title loan, you get to keep your car as long as you make your payments and avoid defaulting on your loan.

Get A Title Loan With Tennessee Title Loans, Inc. Today!

A Tennessee vehicle title loan can help those in a financial crisis who need quick cash to pay for urgent expenses.  Now that you know about title loans and how to apply for a title loan, Tennessee Title Loans, Inc. can help you with our quick cash loans in Tennessee.

If you’re searching for fast cash to help tackle a financial emergency, fill out our simple online inquiry form to start the Tennessee vehicle title loan process today! One of our friendly associates will call you to guide you through the straightforward approval process to get you the emergency funds you need.

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