What Is Required To Be Eligible For Title Loans In Johnson City, Tennessee?
Eligibility is a big concern when you need urgent cash from title loans in Johnson City, Tennessee. Thankfully, we’ve put together a comprehensive list of what you’ll need and how you can get started today.
To take out a title loan through Tennessee Title Loans, Inc., you will need a valid state-issued photo ID, your lien-free vehicle title, your car itself for inspection, and proof of income.
If you’ve got these three things ready to go, then you’re all set to apply for one of our loans using the quick request form right here on this webpage. Need more clarification? No problem! The rest of this article will explain exactly what you need so that you can apply with confidence.
What Do I Need For A Title Loan In Johnson City, Tennessee?
Title loans rely on your vehicle title as collateral, creating a bond of trust between borrower and lender. The nature of loans necessitates that the lender mitigate risk as much as possible, which is why certain loan requirements are standard regardless of what lender you choose. For title loans in Johnson City, Tennessee, those items are as follows:
- Your state-issued photo ID
- Your lien-free car title
- Your car itself
- Proof of income
Your ID is important for obvious reasons. Without verifying who you are, lenders have no promise that you will repay the loan or uphold the terms of the contract. Plus, many states require proof of residency and proof of age for an individual to take out a loan, both of which can be confirmed by a government-issued photo ID.
If you own your car outright, it stands to reason that you have a driver’s license to use it, but if you don’t, then don’t worry! We’ve got provisions for extenuating circumstances so that you can still get title loans in Johnson City, Tennessee. You can use your passport, non-driver’s license, military ID, or student ID to confirm your age and identity.
It’s easy to forget, but it’s crucial to have a lien-free title. Title loans in Johnson City, Tennessee work, by placing a lien against your vehicle. That way, the lender knows you will be incentivized to repay the loan. The government, tow truck companies, dealerships, and other entities use liens to denote their ownership until the debt is satisfied.
If there’s already a lien against the vehicle, then you have neither the legal authority nor the incentive to use your car’s title as collateral. Make sure you’re finished making payments on your car and that it has no outstanding liens before you apply.
Your Car Itself
Inspections are an important part of title loans in Johnson City, Tennessee, as they confirm your car’s make, model, year, and condition. These factor heavily into the amount of money you receive on a title loan.
After all, if you’re putting up a more valuable car, then you can likely be trusted with more borrowed money, since you’re more strongly incentivized to repay it. In any case, be sure you bring along your vehicle for the brief in-person inspection.
Proof Of Income
Your income, too, determines what you qualify for. Lenders assess how readily you are able to repay the loan to calculate how much you can borrow and how much you will need to pay each month. Thus, you’ll need to provide your most recent pay stub to show you are currently earning and how much you are earning.
Our Application Process
If you’re good to go on these simple requirements, then you might be wondering, “How do I get started?” Here’s a quick start guide:
- Fill out our quick online request form, which sends your basic info to the nearest storefront.
- Wait for a call from a representative to review your information and confirm the next steps. The associate will book an in-person appointment with you at a location you choose or at our store.
- Bring the required items to the meeting and wait for the representative to conduct their quick 5-minute inspection.
- If everything checks out, you may be cleared for approval and be emailed the loan documents to sign. Once you’re all set, the money will be sent directly to your bank account for use.
Get Your Title Loan Today!
Title loans in Johnson City, Tennessee, aren’t as demanding as you might think, and with Tennessee Title Loans, Inc., you can expect transparency and expediency. You can always call us to ask any questions you might have or use the live chat feature on our site so that you’re making a sensible, informed decision.
Borrowing money is never easy, but it can be an option to help you escape financial difficulties and start rebuilding towards a sustainable financial future. If you’re ready to see what you can get on your car title, complete the online request form today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.