Have you heard about Tennessee title loans? If you're in need of fast cash, car title loans can provide a simple solution by using your vehicle’s title as collateral. But how do they work, and what makes them an excellent option? Let’s break it down.

What Are Tennessee Title Loans?

Before taking the plunge, it’s critical to know what you’re subscribing to. Simply put, a title loan uses an asset - namely, your vehicle title - to secure the money, thereby reducing the risk associated with the service for the lender. This makes these types of loans readily available to individuals.

One key trait of such opportunities is that the individual must own the vehicle outright before applying. Thus, for those wanting to apply for a loan, checking that there is no outstanding finance on the car is important before taking things any further.

How Do Title Loans Work?

Title loans are different compared to most options since they do not rely heavily on credit checks and the like. Instead, when you take out one of these loans, a lien is placed on your title. Thereafter, once the loan has been paid off in full, this lien is removed and the title is returned to the original owner.

Often, these loans are short-term options, providing a sum of money when it’s needed as a last-minute help. For example, here at Tennessee Title Loans, Inc., we offer this loan ranging between $300 and $2,500. The amount is based on the value of the car, primarily. 

Here’s a quick overview of Tennessee title loan process:

1. Apply online or in-store.
2. Provide your lien-free vehicle title, ID, and proof of income.
3. Get your car inspected to determine its value.
4. Receive your loan amount – between $300 and $2,500 at Tennessee Title Loans, Inc.

Of course, there are numerous factors influencing a vehicle’s price, such as age, condition, and model. During the course of the loan repayment, the individual can keep and continue to use the vehicle as normal.

What If I Have Bad Credit?

Many people with bad credit find themselves feeling unsure of where to turn if they require funding for an unexpected expense. However, one of the most notable benefits of a Tennessee title loan is that you can still qualify even if you have poor credit.

This is based on the fact that the lending option itself is backed up by the car’s lien-free title as the collateral. Hence, so long as the car has value, getting an offer should be easy. And, since a credit check is not always required, the amount the lender offers in title loan funds will not decrease due to a low score.

Requirements For Tennessee Title Loans

Thus far, we’ve looked at the basics of how these loans work. But what are the main requirements of title loans? In order to see if you qualify, an applicant will first need to provide a few key documents.

These include identification (such as a driver’s license or state-issued ID) as well as the car’s lien-free title and proof of income. The car itself will also need to be presented for inspection so that the team can check its value and offer a fair amount accordingly. Generally speaking, checking a vehicle shouldn’t take too long. This often means that, if you are approved, an offer will be presented relatively quickly.

How to Apply for Tennessee Title Loans

In order to qualify for this loan with us, make sure to first head to our Tennessee Title Loans, Inc. website to complete the online inquiry form. 

Getting started is easy! Follow these steps:

1. Apply Online: Visit the Tennessee Title Loans, Inc. website and complete the online inquiry form.
2. Get Contacted: A representative will call to confirm details and schedule an appointment.
3. Bring Your Documents: Meet the representative at a store or a location of your choice with your documents and vehicle.
4. Receive Your Cash: If approved, you can get your funds the same day, often within 30 minutes.

Then, as soon as a member of our friendly team is available, a representative will call you to discuss the next steps.  During the call, you can arrange a location to meet the representative to assess the vehicle and your other items. This can be at a location of your choosing, such as your home or office, or in person at one of our stores across Tennessee. Feel free to use the Store Locator function on our website to help you work out where to meet with your documents and vehicle.

The applicant should keep their documentation on them at all times for the meeting with the representative. Once everything has been checked, the representative can let the individual know whether or not they are eligible and – if so – how to proceed.

Generally speaking, the in-person process can take as little as thirty minutes, so it often doesn’t require a lot of your time. From there, approved customers should receive their money on or before the next business day.

Why Choose Tennessee Title Loans, Inc.?

At Tennessee Title Loans, Inc., we make the process fast and hassle-free. With flexible requirements and no need for perfect credit, we’re here to help you get the cash you need when you need it most.

Ready to Apply for a Title Loan?

If you’re facing unexpected expenses, don’t wait. Apply for a Tennessee title loan today to get the fast cash you need. Visit our website or contact our friendly team to get started.

Get in touch with us today to learn more about the different opportunities available to you, or to get title loans explained in a specific scenario.

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