Straightforward Process To Title Loans In Memphis
If you're searching for title loans in Memphis, chances are you need fast cash. Unfortunately, some lenders take days or even weeks to process loan applications.
However, Title and Payday Loans works with reputable lenders who can provide quick payouts, sometimes as soon as the same business day. Below, we’ll walk you through the step-by-step process to title loans in Memphis so you can get the funds you need without unnecessary delays.
A Step-by-Step Guide To Obtaining Title Loans In Memphis
The process of applying for title loans from the loan vendors that work with Title and Payday Loans is incredibly simple.
- Submit a quick and easy request form online from our homepage.
- Soon after, receive a call from a representative who will tell you more about the approval process. Make sure to ask any questions that you might have.
- Based on the information that you provide the representative will then connect you with the nearest loan vendor location.
- Bring the required documents when you meet with the representative for the in-person portion of the application.
- At the meeting, the representative will go through your items and perform a quick inspection of your vehicle.
- If everything is okay, the representative will finalize your loan agreement and you’ll be asked to sign some paperwork. Overall, the whole in-person process might take about 30 minutes.
- Once the agreement has been signed, you will receive the loan amount the following work day or, in some cases, even the same day. By the way, you will get to keep your vehicle while you’re repaying the loan.
What Documents Do You Need for Title Loans in Memphis?
Unlike traditional loans, title loans in Memphis have minimal paperwork requirements. You’ll need:
- A valid state-issued ID (or your driver’s license)
- A lien-free title to your vehicle
- The actual vehicle (car, SUV, or truck)
- In some cases, you might be asked to provide proof of income which can be your most recent pay stubs
What is a lien-free title? Basically, it is a document that proves that you own the vehicle outright. This means that there are no outstanding loans or judgments against it.
Bear in mind that the title has to have your name on it. If the document is not in your name, but you are the owner of the car, you would have to get the title transferred at the DMV to take out a title loan.
When You Apply For A Title Loan?
While applying for a title loan through the Title and Payday Loans network of lenders is a straightforward and quick process, you might be tempted to take out a loan every time you experience a minor inconvenience or need some extra money.
Though title loans can help you get access to fast cash, they shouldn’t be used for business funding or for making trivial purchases, for example.
However, such a solution can be considered, if you’re dealing with an unexpected emergency. The loan amount can help you cover medical bills, important travel expenses, or house repair bills. In fact, you might be able to get anywhere from $300 to $15,000 which should be enough to take care of the majority of emergency expenses you may face.
Why Choose Title And Payday Loans?
Title and Payday Loans is a company that works with a network of more than 700 licensed vendors who can assist you in getting urgent cash through a car title loan.
The vendor’s representatives understand that if you’re dealing with an emergency, you need to get your hands on the money as soon as possible. That’s why you won’t ever have to undergo a complicated and lengthy application process for title loans in Memphis.
Once you fill out an inquiry form with some basic information, the representative will connect you with the closest store location. This means that you wouldn’t have to spend time looking for a reputable lender close to you on your own. Title and Payday Loans have already done that for you.
Get Your Title Loan Today!
Applying for title loans in Memphis doesn’t have to be difficult. If you choose to take advantage of the assistance that Title and Payday Loans has to offer, you might be able to receive the urgent cash the next day or even the same day.
You will be connected with the closest store location of a trustworthy lender. And all you would have to do after that is grab a few documents and arrive at the in-person meeting. Fill out the inquiry form right now, if you can’t wait to get started.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
