Tennessee Title Loans In 2021

Tennessee Title Loans

Tennessee Title Loans — Tennessee Title Loans, Inc provides a line of credit, title loans, and payday loans to get you the emergency cash you need.

About Tennessee Title Loans

At Tennessee Title Loan we offer instant approval with no credit checks to worry about. We make it easy to get the CASH you need. We offer low-interest rates and easy monthly payments. When you choose Tennessee Title Loan, you know you made the right choice! Bring your vehicle in today and get the cash you need.

We are a licensed, bonded, and insured title company with 25 years of experience and management. We are a locally owned company that has been helping people get the money they need since 1994. We are one of the leading title companies in Middle Tennessee. We loan on vehicles others won’t and accept all years and makes.

With us, you don’t have to worry about high interest rates and high monthly payments for title loans. Tennessee Title Loan beats our competitors’ interest rates and offers easy low monthly payments. We offer loans ranging from $200 to $2,500.

Also, read about Red Arrow Loans

Tennessee Title Loans address and contact:

(615) 848-1247806

NW Broad St, Suite 12, Murfreesboro, TN 37129

[email protected]

Business Hours

Mon – Fri: 9:00 am – 5:30 pmSaturday: 9:00 am – 12:00 pm.

Relevant questions and answers about Tennessee Title loans:

What do I need for a title loan in Tennessee? What Documents Do I Need to Qualify for a Title Loan in Tennessee?

  1. A government-issued photo ID.
  2. Qualifying title to your vehicle with your name on it.
  3. Proof of residence.
  4. Proof of income (bank statements, social security statements).

Are title loans legal in Tennessee?

Title loan laws in Tennessee require that lenders be licensed with the state, and continued licensure is contingent on the results of an annual audit. The Tennessee Title Pledge Act states that any title loan made by an unlicensed lender is invalid and exempts the borrower from liability for interest, fees, and costs.

How do title loans work in TN?

How Does an Auto Title Loan Work? Put simply, a title loan is a way of borrowing money using your vehicle as collateral. A lender will figure out the value of your vehicle, and then make an offer based upon how much it’s worth, along with your income.

Can I get a title loan without proof of income?

While many lenders will require a source of income for their borrowers, not every car title loan lender will require that the borrower has a source of income. Lenders like these will allow their borrowers to get their car title loans without income verification.

Can title loan companies repo cars?

Title loan regulations permit the title lender to repossess the car as soon as a default occurs. Keep in mind, you must repay the entire loan balance to avoid foreclosure. You could potentially repay most of the title loan. But, the lender could repossess the vehicle if you default.

How much can I get on a title loan?

How much can you borrow with a title loan? You can usually borrow 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more. Once you’re approved for a loan, you’ll give the lender the title to your car.

How can I get a title loan online?

Steps to take out a title loan online

  1. Find your car title. You’ll typically need a free and clear title.
  2. Complete the online application and upload documents.
  3. Wait as the lender reviews your application and appraises your car.
  4. Sign the contract.
  5. Receive money.

How do title loans work?

A car title loan is a loan for a small amount of money and for a short time. To get a car title loan, you give the lender the title to your vehicle – for example, your car, truck, or motorcycle. You also pay the lender a fee to borrow the money. You usually have to repay the loan in 30 days.

How do I get a title loan without a job?

The car must qualify as collateral in order for you to get a title loan without a job. During the title loan approval process, you will be asked to provide the car title in your name.

What do I need to get a title loan at TitleMax?

When applying for a title loan from TitleMax®, you’ll need:

  1. Your clear vehicle title.
  2. A valid government-issued ID.
  3. Other documents that may be required by your state, such as proof of income, proof of residency, or a valid vehicle registration.

How can I get a title loan without title?

In order to get a loan without a title, the DMV requests that you complete a form that states your title is missing and you are applying for a new one. The filing of this form usually accrues a small fee which will be added on top of your loan. Continue with the rest of your loan as usual!

Are car title loans worth it?

Advantages of Car Title Loans

As long as you can show that you have a reliable source of income, and a car worth more than the loan you are requesting, typically the lender will approve your loan application. Car title loans are also an excellent option if you need money immediately.

How long does Titlemax give you to pay back?

The borrower generally agrees to pay a fee. Lenders usually give borrowers 30 days to repay the loan.

Do you have to have a job to get a title loan?

You can easily get a title loan without a job because title loans are not based on your credit history but the current market value of your vehicle. Even if you are unemployed, you still have to pay the rent, pay off the bills, and buy groceries.

How do you get approved for a title loan?

Documents Needed

  1. Original vehicle title showing sole ownership.
  2. Government-issued identification matching the name on the title.
  3. Utility bill or other proof of residency matching the name on the title.
  4. Current vehicle registration.
  5. Proof of vehicle insurance.
  6. Recent pay stubs or other proof of ability to repay the loan.

Do banks do title loans?

Banks and credit unions do not offer title loans. Title loans are available from alternative lenders in stores and online. You risk losing your car if you don’t make your payments. This could make it harder for you to earn money.

Does a title loan hurt your credit?

In most cases, a title loan won’t have any impact on your credit scores. That can be good and bad. For starters, most title lenders don’t run a credit check when you apply. On the flip side, title lenders don’t report your payments to the credit bureaus, which means a title loan won’t help your credit scores either.

What happens if I don’t pay my title loan?

Because the lender has your title, it effectively owns your car until you pay the loan off and take the title back. If you don’t pay on the loan’s due date, you’ll turn your key in the ignition and nothing will happen — you’re not going anywhere until the lender gets its money.

Can you get a title loan on unemployment?

If you are currently unemployed but still have access to funds, you may qualify for car title loans. Car title loans typically accept various forms of alternative income, so if you are unemployed but still have the ability to repay a loan, you could qualify.

Can you get a title loan if the car isn’t running?

YES! With an auto title loan serviced by LoanMart you don’t have to bring your car in, some photos will do just fine! If you want to know how to get a title loan without bringing in your car, you’ve come to the right place!

What are 3 alternatives to getting a payday or title loan?

Fast Funding & Secured Loans

  1. 401k Loan Alternatives.
  2. Cash Advance Loans.
  3. Direct Deposit Loans.
  4. Emergency Loans.
  5. Fast Personal Loans.
  6. Payday Loans.
  7. Same Day Loans.
  8. Secured Personal Loans.

What is a clear title loan?

To get a car title loan, you’ll need clear title — 100% ownership of the car, without any liens — or at least some equity in your vehicle. … If you get approved for a car title loan, you give your car title to the lender in exchange for the loan. You get your title back once you pay off the loan.

Can I get another title loan if I already have one?

If you already have a title loan on your car, unfortunately, you cannot get a second title loan. Because you have a title loan already on your car, it has a lien on your title which means it’s not a clear title.

What are the two disadvantages of a title loan?

Cons of Title Loans

  1. High Interest Rates. Because bad credit is accepted, the interest rate for car title loans is outrageously high.
  2. Repossession Possible. If you cannot pay for your loan, which may be likely as you see the interest compound, you can lose your vehicle.
  3. Excessive Fees.

Is it smart to get a title loan?

Auto title loans are a form of predatory lending. … If you’re strapped for cash and you own your car free and clear, an auto title loan might seem like a good way to get some fast cash when you need it. But auto title loans are among the most expensive kinds of credit you can get, along with payday loans and pawnshops.

What are two dangers of using a payday loan or title loan?

These dangers include Renewal Fees. When borrowers can’t pay back a payday loan on time, they either renew the loan or take out a new one. So even though they keep making payments on their loans, the amount they owe never gets any smaller.

What is the fastest way to pay off a title loan?

How to Pay off a Title Loan Fast

  1. Tighten up. As we said, the months during a title loan repayment period will require some tough budgeting and likely some sacrifice in the area of expenses.
  2. Talk to your lender.
  3. Consolidate.
  4. Don’t take the full amount.
  5. Downgrade.

Can you get a title loan on a mobile home?

Mobile homeowners can apply for a mobile home title loan through the same processes associated with general title loan lending laws. Most lenders will also require a credit check to ensure that borrowers are able to repay their loans.

Who can help pay off my title loan?

Help in paying off title loans.

  1. Borrowers can get help paying off their title loans or reducing the interest rates from several different companies as well as assistance programs.
  2. In order to get professional help in paying them off, contact a non-profit credit counseling agency.

Will title loan companies settle?

While a title loan lender is under no obligation to settle, it may be possible to obtain a settlement on your title loan and ultimately resolve the debt.

How much can I get on a title loan?

How much can you borrow with a title loan? You can usually borrow 25% to 50% of the value of the car. According to the FTC, the average loan amount is $100 to $5,500, but some lenders allow you to borrow up to $10,000, and even more. Once you’re approved for a loan, you’ll give the lender the title to your car.

How much does a title loan cost?

Title loans usually have an average monthly finance fee of 25%, which translates to an APR of about 300%. Title lenders often add other charges to the loan amount, like processing, document, and loan origination fees.

How many title loans can you get?

It is possible to have two title loans at the same time for as long as the titles apply to two different vehicles, with two different family members, and the loan is not applied to the same car (state restrictions may apply).

Can I do a title loan online?

Online title loans can be convenient if you want to start the process online or you want to set up an account electronically to check your balance and make payments. Terms for online title loans are usually about a month-long, although they may last more than a year depending on the state.

What is a title loan on a vehicle?

What is a car title loan? A car title loan is where the owner of the vehicle uses the equity in their vehicle as collateral. The amount of money that can theoretically be borrowed against a car varies from one moneylender to another.

How do you pay off a title loan?

Ways to Get Out of a Title Loan

  1. Pay off your balance early. If there’s a way you can come up with the cash early, try paying off the full balance as quickly as you can. …
  2. Negotiate your loan terms. There’s no guarantee a lender will negotiate with you, but it doesn’t hurt to ask. …
  3. Refinance. …
  4. Try debt management.

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