Are you wondering what you need to qualify for a Memphis title loan? Good news — the list is short and simple. If you own your vehicle outright and need emergency cash, a car title loan from Tennessee Title Loans, Inc. might be a fast and convenient solution.

Here’s everything you need to know about what’s required and how to apply today.

What Do You Need To Get A Car Title Loan In Memphis?

Thankfully, you don’t need much to apply for a title loan in Memphis. This is a relief for many title loan borrowers. There is nothing worse than having to rummage through paperwork, sometimes even having to make trips to get new documents when you can’t find them, especially when you need a loan to provide you with fast cash.

This won’t be the case when it comes to the required items for a title loan. The list is short, so you won’t have to worry about getting tons of paperwork together to apply. By simply gathering these four items, you can be well on your way to getting approved for a Memphis title loan.

1. Valid Government-Issued Photo ID

As to be expected, you will be required to show identification, so it’s clear who owns the vehicle. You will need to provide a photo I.D. for your lender to confirm who you are. It must also show your lender that you are of an eligible age to apply.

In most instances, this will be in the form of a driver’s license or a state-issued identification card that says you are 18 years old or older.

2. Your Vehicle

Memphis title loans require that you make your vehicle accessible to your lender during the application process. The reason for this is so that the lender can determine the value of your car.

When you provide access to your vehicle, a loan representative will perform a quick inspection. This, as well as the other required items, will give them the necessary information to determine the loan amount you qualify for.

3. A Lien-Free Title In Your Name

A car title loan uses your vehicle title as collateral. To be eligible, your car title must be lien-free — meaning you fully own the car and it’s not currently financed or used as collateral elsewhere.

4. Proof Of Income

The last required piece of documentation you will need will be proof of income. Depending on the type of income you receive, what you provide may vary. However, the most common form of income proof is a paystub.

What if you are not employed but still have a source of income?

If your income is from a source other than a job, you can still apply.

If you don’t have a job but receive disability, alimony payments, social security checks, or are self-employed, you can still provide your title loan lender proof of income.

If you are unsure of what to provide as proof of income, just contact your title loan lender to find out the necessary documents accepted for your specific source of income.

How Does A Memphis Title Loan Work?

At Tennessee Title Loans, Inc., getting a car title loan is a quick and easy process:

1. Submit an online form – Start by filling out our short inquiry form.
2. Talk to a rep – A loan associate will call you to confirm your documents and set up an inspection.
3. Vehicle inspection – A rep will check your car and assess its value.
4. Receive your cash – If approved, you could get your money the same day or by the next business day.

Fun Fact: Many of our customers complete the in-person portion of the process in just 30 minutes!

Find Out If You Are Approved In No Time

Applying for a title loan with Tennessee Title Loans, Inc. is fast, easy, and can potentially provide you with a loan of $300 to $2,500!

Benefits Of A Car Title Loan In Memphis

If you're in a financial pinch and need help fast, a Memphis title loan can offer several advantages:

• Quick access to funds
• No need for perfect credit
• Keep your car while you repay
• Flexible income sources accepted

Whether you're dealing with unexpected bills, car repairs, or just need extra cash, a car title loan could be the answer you’re looking for.

Ready To Apply For A Memphis Title Loan?

Tennessee Title Loans, Inc. makes it easy to get the money you need, fast. If you have the four required items, you could be approved for a car title loan in Memphis today.

Start now by filling out our online inquiry form and speak with one of our friendly loan representatives.

 

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