Title Loans are Really Easy to Get in Tennessee. Here’s Why
April 8, 2020 | By Peyton Sawyer
Unlike other types of financing, title loans do not have a stringent or lengthy approval process. Because a car title loan only requires your vehicle as collateral, they are relatively easy to obtain, and do not require the use of credit for approval.
Bank Loans and Credit Checks
When applying for a traditional loan from a banking institution, you will be subjected to a lengthy process that includes a credit check, that can most often will result in a denial. The high standards that are set for bank loan approval can be quite difficult for applicants to meet.
With more and more Americans struggling on minimum wage, or living from one paycheck to the next, it can be quite difficult to not rely on the use of credit cards. Some of us are only surviving because we are using available credit. The problem with that is we are not only causing ourselves more debt and higher monthly payments, we are also throwing off our debt to credit ratio, that can greatly affect our credit score. Credit agencies recommend using no more than 30% of your available credit limit. If you exceed that or max out your credit limit than your credit score will drop drastically.
Even if you are keeping up on payments, you will still be labeled as high risk for non-payment. That means, any lender checking credit will take that into consideration when reviewing your loan application.
Getting Title Loans Online
If you do not have the best credit score or payment history, all is not lost. You still have options. Title loans or flex loans online from a lender such as Tennessee Title Loans, Inc. can offer you the option of receiving quick cash without the hassle or lengthy approval process that traditional bank loans demand. It is an excellent option for those of you that need money immediately.
Title Loan Requirements
With just a few simple requirements you can qualify for Tennessee title loan cash today. To get started, simply complete the online request form that is available on Tennessee Title Loans, Inc. and a representative will call you right back with details.
You can qualify for title loan cash with these simple items:
- A lien-free vehicle title
- Your owned vehicle for inspection
- Proof of income
- A valid driver’s license or state issued I.D.
Easy Title Loan Approval Process
By filling out an online request form, you will prompt a call from a friendly title loan representative. During that call, the representative will go over the requirements needed for approval and confirm the information that you have provided on the form. At that time, they will also answer any questions you have, as well as guide you through the process.
If you own a vehicle with a lien-free title, you can use that vehicle to cash in on its value to receive title loan cash. Along with the lien-free title, a valid driver’s license or state issued I.D., proof of income, and a vehicle for inspection you can have the money you need the very same day you need it. You can also keep driving your vehicle while repaying your title loan. The vehicle used as collateral is only needed for a quick vehicle inspection to determine the value of that vehicle. The value and cash amount that you are eligible to receive if you have the requirements needed to qualify, will depend on the make, model, year, and condition of your vehicle.
To finalize the title loan process, all you need to do is visit one of the many store locations that are located in your area to provide the requirements, have a quick vehicle inspection, and pick up your cash. There are no restrictions on the money you receive. It can be spent however you see fit. Use it to pay off debt or an overdue bill, make a repair or purchase, medical expenses, or anything else you need to address. From start to finish, you can rely on the title loan approval process is easy and hassle-free.