How Do Title Loans Work in Tennessee?
Do you need emergency cash to make ends meet this month? You may have heard about a type of secured loan option called a title loan. Title loans in Tennessee work by allowing qualified applicants to borrow against the value of their vehicles. Typically, an eligible borrower will be able to access up to 50% of the total value of their car through a title loan in Tennessee.1
According to the applicable title loan laws in Tennessee, a prospective borrower must be at least 18 years old to apply for a title loan. If you want to obtain emergency cash and loan approval for a car title loan in the Volunteer State, you will need to meet the lender’s application requirements and pledge a car with a qualifying amount of equity as collateral for the loan.1
If you meet the necessary criteria and obtain approval for a title loan in Tennessee, you could get the emergency cash you need in as little as one business day.1 Although your title loan lender will place a lien on your car’s title after the loan is funded, you will be able to drive your car throughout the repayment process as long as you keep up with your title loan payments. However, if you default on your car title loan in Tennessee, the lender can seize your vehicle, so it is important to prioritize your loan payments.
Looking for instant online title loans in Tennessee? While it’s difficult to find car title loans with instant approval in Tennessee, you can apply for a ChoiceCash title loan online and find out if you’re eligible for instant pre-approval today!1 Click here or call a ChoiceCash title loan agent at 855-422-7402 to get started on your title loan application.
What are the Auto Title Loan Requirements in Tennessee?
Before you can obtain a Tennessee title loan, you must meet a few initial requirements and upload a few documents to verify your information. Fortunately, the ChoiceCash title loan requirements in Tennessee are straightforward and simple!1
To apply for a car title loan in Tennessee, you must meet the following initial criteria:1
- Be of Legal Age to Apply for a Title Loan in Tennessee
- Possess a Car with Positive Equity
- Be Able to Demonstrate Your Ability to Repay a Title Loan
- Have a TN Vehicle Title in Your Name
Be aware that Tennessee residents must complete and sign a Tennessee Department of Revenue “Noting of Lien” form during their applications. A ChoiceCash title loan agent will provide you with a pre-filled copy of this form and be happy to help with any questions about how to complete it!
In addition to meeting the title requirements in Tennessee, you must provide a little bit of paperwork during your title loan application. Upon initial approval for a title loan, you will be asked to provide the following:1
- Recent Pictures of Your Vehicle
- Proof of Current Residence in Tennessee
- Valid Government-Issued Photo Identification Card
- Proof of a Steady Income
- A Car or Truck Title in Your Name
You can submit your paperwork online or send everything through email / text message to a ChoiceCash title loan agent. After you provide the necessary documents, they will be thoroughly checked by a title loan representative and verified for completeness. Dial 855-422-7402 if you have questions about the application process for online title loans in Tennessee.
The poverty rate in Tennessee is over 13%, and it can be challenging to cover all of your monthly expenses if you are currently living paycheck to paycheck. If you need money to get back on your feet, a title loan could be a helpful solution to consider. Click here to apply for a ChoiceCash title loan in Tennessee! It can just take a few minutes to apply for a title loan and as little as one business day to obtain your loan proceeds if you qualify.1
How Can I Get Title Loans Online with No Store Visit in Tennessee?
Looking to apply for title loans online with no store visit in Tennessee? With ChoiceCash title loans, there is no store visit required to submit your application for a Tennessee title loan. Simply use your smartphone or laptop to apply online through a simple prequalification form, and if you qualify, you could receive your title loan funding in as little as 24 hours!1
With some title loan options in Tennessee, you have to visit a storefront location to complete a vehicle inspection. Although it’s impossible to obtain title loans with no inspection in Tennessee, an inspection can be completed online instead of in person!
With ChoiceCash title loans, you can conveniently upload photos of your car online during your application to complete a virtual inspection. You will need to submit photos of your car’s odometer reading, all four sides of your vehicle, and the VIN (Vehicle Identification Number).
Call a ChoiceCash title loan agent at 855-422-7402 to learn more about applying for online title loans in Tennessee.
Can I Get Car Title Loans with Bad Credit in Tennessee?
Your credit score is a numerical value ranging from 300 to 850, and it indicates your level of trustworthiness when it comes to repaying your debt obligations. Typically, a score below 670 on the FICO scale is considered to be a bad credit score. There are many reasons why you may have bad credit. For example, if you have a history of missed payments, bankruptcy, or high credit utilization, your credit score may take a nosedive. Although you may not be proud of your credit history, it is possible to get title loans with bad credit in Tennessee. Car title loans can be much more flexible than unsecured loans since you are required to use collateral to secure funding. However, it’s typical for most lenders to verify an applicant’s credit during a title loan application.
Generally speaking, finding title loans with no credit check in Tennessee is difficult. In most cases, a credit check is an essential part of the application process for an online title loan. However, your credit isn’t the only characteristic that is thoroughly assessed by the title lender. A title loan lender will typically focus on these two factors during your title loan application:1
- The Total Value of Your Vehicle
- Your Income
Your car’s value and your income will primarily influence your eligibility for the loan as well as your total loan amount. If you don’t know the current value of your vehicle, you could use ChoiceCash’s online calculator tool to obtain an estimate and a loan quote with no obligation.1 Click here to take advantage of a flexible application process and find out if you can qualify for quick funding today!1
How Much Can You Get Through Online Title Loans in Tennessee?
Not sure how much money you can get through a title loan in Tennessee? With a ChoiceCash title loan, your loan amount will be primarily based on your income and the amount of equity in your vehicle. Typically, a qualified applicant can access anywhere from 25%-50% of their vehicle’s value through a car title loan in Tennessee.1
The more equity your vehicle has, the larger your loan amount could be if you can prove that you have the means to pay it back!1 Find out if you’re eligible for emergency funding by applying for a ChoiceCash title loan in Tennessee today. Just fill out a brief inquiry form online or call a ChoiceCash title loan agent at 855-422-7402 to get started on your loan inquiry. If you qualify, you can choose direct deposit and receive your loan proceeds in as little as 24 hours!1
Where Can I Get Title Loans in Tennessee?
Ready to see if you are eligible for a car title loan in Tennessee? Applying for a Tennessee title loan does not need to be a hassle! You can expect the application process for a ChoiceCash title loan serviced by LoanMart to be convenient and simple:1
- Apply Online or Over the Phone: Tennessee residents can choose between applying online or over the phone with a ChoiceCash title loan agent at 855-422-7402.1
- Send in the Right Documents: A ChoiceCash title loan agent will ask you to submit a few documents to verify your information during the application process. Fortunately, you can submit these documents online or send them via email / text message!1
- Find Out if You Qualify for a Title Loan in Tennessee:1 If you are able to qualify for a title loan in Tennessee, the last step is to sign your electronic loan contract and choose how to receive your money!1 With ChoiceCash title loans, eligible borrowers have a few different ways to receive their funding:
If you qualify for a ChoiceCash title loan in Tennessee, you can access a percentage of your vehicle’s value and turn it into the money you need for unexpected expenses. Visit the FAQ page or dial 855-422-7402 if you have questions about the application process for ChoiceCash title loans in Tennessee.1
HOW CAN I PAY FOR MY CAR TITLE LOAN IN PERSON?
Pay for your car title loan at any MoneyGram location in Tennessee. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-422-7402 to discuss your options with a loan expert, or see the map and location list below to see where your nearest MoneyGram is located:
For the sake of convenience for Tennessee customers, below is a map and list of just a few locations in the area, with many more statewide locations found here.
Financial and Demographic Indicators for Tennessee
The figures below are intended for informational and educational purposes to allow consumers to compare their financial situation to others in Tennessee. Empowered with this data, we hope you can make a sound decision to solve your financial needs - if you decide that a title loan is a potential option, we’d be thrilled to assist you.
|Average title loan amount with ChoiceCash||$3,537|
|Household income (median)||$58,516|
|Income per capita||$32,908|
|Gross rent (median)||$951|
|Value of housing units (median, owner-occupied)||$193,700|
|Monthly owner costs (median, with a mortgage)||$1,337|
|Monthly owner costs (median)||$406|
|Student loan indebtedness (average)||$36,418|
|Credit card indebtedness (average)||$5,688|
|Size of monthly car loan payment (average)||$527 (lease) $560 (loan)|
|Percentage of households that rent||33.5%|
|FICO® credit score average||702|
|VantageScore® credit score average||682|
What Locations in Tennessee Can I Get a ChoiceCash Title Loan in?
ChoiceCash is proud to service residents all over Tennessee including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans Tennessee: