CAR TITLE LOANS IN
Memphis Tennessee

Memphis Car Title Loans – How They Work & How To Apply

If you’re in a bind and looking for cash that same day, a title loan from an online lender could be the perfect solution for anyone in Memphis dealing with a financial crisis. These equity loans have security backing them, which means they use your vehicle as collateral, and you typically don’t need to deal with a lengthy credit check during the underwriting process. That’s why it’s much easier to get approved for a collateral loan versus an unsecured loan such as a payday loan or installment loan.

Title loans are different from traditional loans in a few key ways. First, they typically don’t require good credit, so they’re available even if you’ve had trouble paying your credit cards or other short-term loans. Compare that to a bank loan requiring excellent credit and taking days to underwrite! Second, you can keep your car while repaying the loan – you have to hand over the title as collateral and get the pink slip back after making all your payments. Anyone in Memphis can expect fast approval if they own a car that’s paid off and not being used as collateral for any other loan.

Best of all, title loans in Memphis can be funded for up to $20,000, and you can get the cash the same day you apply through direct deposit or by picking up the money in person! Call Premier Title Loans at 800-250-6279 to get started, or read on for more details!

Rules & Regulations For Car Title Loans In Memphis, TN

You need a lien-free pink slip and proof of income to qualify for a Memphis title loan. You must show proof of registration from the Tennessee Department of Safety and submit the vehicle for an in-person inspection. Other requirements include proof of vehicle insurance and recent maintenance records, and some companies will require references from friends and family.

Understand the repayment terms and interest rates before agreeing to anything. This includes knowing when your payments are due and any penalties for late or missed payments. Finally, remember that your vehicle is at risk if you default on the loan, so only take out a title loan if you’re confident you can repay the amount due each month.

Vehicle Title Loan Lenders In Memphis

There are many reasons to consider an instant car title loan with a lender in your neighborhood. Perhaps you’re facing an unexpected medical bill or home repair expense. Or maybe you need to consolidate high interest debt into one lower monthly payment. A car title loan can give you the financial flexibility and breathing room to endure tough times. Remember to evaluate all your options before signing on the dotted line!

Title loans are secured by your vehicle and often come with lower interest rates than unsecured loans. Most companies will allow you to repay the loan early without penalties or early payoff fees. They can also be a good option if you need cash fast – some lenders can get you the money you need in as little as 24 hours! Just research and find a reputable lender with transparent terms before applying.

Car Title Loans In Memphis With Poor Credit

As we mentioned, one of the benefits of title loans is that they don’t require a credit check. That’s because an equity loan is secured by your vehicle, so the lender is less concerned about your recent credit history. This makes it much easier to get approved, even if you have poor credit.

Your credit history may sometimes cause a problem, but this is not a problem if you’re only behind on a few credit cards or other bills. While we typically won’t run a detailed credit check, we may look for bankruptcies and recent repossessions when underwriting your loan.

Loan Amounts And Finance Rates For Memphis Auto Title Loans

Title loans are typically for smaller amounts than traditional loans, with loan amounts between $500 to $15,000 in Tenessee. But because they’re secured by your vehicle, you may be able to borrow more depending on your car’s value and current mileage.

Because title loans don’t require standard credit checks, they often come with higher interest rates than unsecured loans – sometimes as high as 300%! Only borrow what you can afford to repay, and be sure to shop around with companies offering Tennessee title loans.

Title Loan Refinancing In Memphis

One option to consider if you already have a loan with another lender is a refinance. Did you know you can lower your payments by qualifying for a lower interest rate with a new lender in Memphis? There’s also a good chance you’ll get a quicker repayment term, as most title loans are refinanced with a rate that’s half or better than what you’re currently paying. And because the credit requirements are minimal, it won’t take much time to underwrite your application. Premier Title Loans works with customers who took out a car title loan in Clarksville or other parts of the state, and we can get you a better rate on your loan!

Applying For A Title Loan In Memphis, TN Online

Applying online is fast; you may even see an approval that same day. To get started with Premier Title Loans, complete an online application or call us at 800-250-6279. Once approved, you must bring your vehicle in for a quick inspection to determine a funding amount.

The vehicle inspection should take less than 15 minutes and can be done at a registered location in Memphis. Then, you’ll sign the loan agreement and sign over the pink slip as collateral. Once everything is finalized, you can have the money sent to your checking account or pick it up if you’re working with a neighborhood lender.