When you are facing financial difficulty, emergency cash loans can help provide funds to help you pay for your urgent expenses. Quick cash options like auto title loans can provide emergency cash the same day you apply, allowing you to pay for your financial emergency before experiencing the downsides of missing a payment like late fees, service disruptions, or reduced credit.

In this Tennessee Title Loans, Inc. guide, learn about auto title loans and how you can borrow emergency cash today. Learn about the essential details of emergency cash loans to better guide your decision-making when borrowing money.

What Is An Auto Title Loan?

One of the most popular quick cash options available to Tennessee borrowers is auto title loans. These emergency cash loans allow borrowers to use their lien-free car title as collateral to borrow money to pay for urgent expenses.

You can only get approved for Tennessee title loans if you have fully paid off your vehicle and have no outstanding debts, liens, or judgments. Your car title must also be in your name, so make sure you have that changed at a local DMV office if the car title is in someone else’s name.

The Top 6 Title Loan Benefits For Those Needing Emergency Cash

When facing a financial emergency, vehicle title loans can provide emergency funds to help pay for your bills or debts. Using this fast cash option allows you to receive thousands of dollars the same day you apply, allowing you to handle your urgent expenses quickly. Auto title loans have benefits that can aid you as you seek emergency cash options.

The following are six title loan benefits for Tennessee borrowers:

1. Same-Day Approval

When facing an urgent financial emergency, the last thing you want is to have to wait multiple days or weeks to find out if you got approved. With Tennessee Title Loans, Inc., you will not have to worry about that because we can tell you whether you will get approved in less than a day.

We have same-day approval for our Tennessee title loans because we have a small list of requirements for you to meet. Borrowers will not have to wait long to determine if they can get approved. You will know after a short, 30-minute in-person meeting, allowing you to plan to use the emergency money for your urgent bills.

2. Quick Access To Funds

You can also benefit from receiving your emergency cash fast after approval. Upon signing some finalizing paperwork, you can receive your vehicle title loan as soon as the same day or the next bank business day.

That is because we use direct deposit. That allows us to directly put your emergency cash into your checking account for use during your financial emergency. The quick access you have to funds from auto title loans allows you to swiftly handle any urgent bills without having to worry about incurring late fees.

3. Large Borrowing Amounts

Another benefit of title loans, specifically concerning other loan types, is the amount you can get. You can borrow more on average with auto title loans than with other emergency cash loans. At Tennessee Title Loans, Inc., we offer borrowers to get approved for up to $2,500 in emergency funds from our title loans.

You can borrow more with auto title loans because you use high-value collateral to secure the loan. Remember that the amount you qualify for will depend heavily on the vehicle you bring in. Newer cars and cars that are well maintained will net a higher loan amount than cars with less value, as determined by a nationally recognized pricing scale.

4. Simple Title Loan Requirements

Another title loan benefit, particularly for those needing to get approved fast, is the simple requirements you need to meet. At Tennessee Title Loans, Inc., we have only a few easy requirements for our auto title loans.

This is to allow those in urgent need of financial aid to get it without waiting weeks or months. We only wish to verify the essentials to ensure you can legally borrow an emergency cash loan and have the necessary items.

The following are the required items necessary for auto title loans:

• Proof of income
• Your car itself
• Your lien-free car title
• A valid ID that's government-issued, such as a driver's license

5. All Credit Types Are Accepted

If you’re worried that you cannot get approved for auto title loans because of your credit score, that’s not a concern at Tennessee Title Loans, Inc. We do not make a hard credit inquiry to discover your credit score because the Tennessee title loan is secured with high-value collateral.

To get approved, you need only meet the above requirements; unlike traditional banking institutions, we do not require good credit. You can get approved for auto title loans with bad credit or no credit at all. We also do not report our emergency cash loans to credit bureaus, meaning you can borrow money without having to worry about the loan lowering your credit score.

6. Easy Approval Process

Our approval process for title loans is also simple, allowing borrowers to get approved in less than a day. We only have a few easy steps you need to complete. Tennessee Title Loans, Inc. has helpful loan representatives available who can guide you through the whole process to make it even more seamless.

The following are the steps involved in getting approved for auto title loans:

1. Submit the online inquiry form with your basic information, such as your name, contact info, zip code, and vehicle details. One of our loan representatives at a location near you will receive the form and give you a call.
2. The loan representative will verify the information from your online form. They will also answer any questions you have about vehicle title loans. To end the conversation, you will agree with them on a meeting location, such as your home, office, or a Tennessee store location near you.
3. Bring your required items to the meeting, and the associate will quickly review them. They'll also promptly inspect your car to determine the value of your Tennessee title loan.
4. If approved, they will present a few documents for you to sign to complete the process. You will receive your emergency cash through direct deposit the same day or the next business day.

Apply For Tennessee Title Loans – Get Approved For Up To $2,500

An auto title loan online through Tennessee Title Loans, Inc. can help you find your footing if you require help with emergency bills, expenses, or other costs. Our straightforward process can allow you to get approved for same-day title loans, giving you the fast cash you require to pay for urgent costs.

Head online to complete the inquiry form today! It's quick and easy; our helpful and friendly representative is just a phone call away during regular business hours! You get peace of mind if that is the right call to help.

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