Title Loans Goodlettsville, Tennessee
When facing an unexpected expense, title loans in Goodlettsville can help you convert your vehicle title into quick cash. Title loans offer several advantages over other types of short-term loans, such as payday loans, as you can borrow larger amounts of money at lower interest rates. The amount you can borrow is based on the market value of your vehicle.
Obtaining title loans in Goodlettsville is a simple, straightforward process. The lender appraises your vehicle to determine its market value. From there, the lender makes an offer to loan up to a certain percentage of your vehicle's value. This amount can be as much as 50 percent of what your car is worth, and sometimes it can be more. Loan documents are drawn up, which stipulate the term of the loan and the interest rate. If your loan's term is ending and money is still tight, title loan refinancing is an option you can pursue at that point. Even if your vehicle has been wrecked or is not in pristine condition, you can apply for a rebuilt title loan.
Loan Cheetah provides a portal for getting the best title loans in Goodlettsville. The first step is to get pre-approved using the website's easy application process.
Applying for Title Loans Goodlettsville
Loan Cheetah's online application makes it easy to apply for title loans in Nashville. Rather than giving out extensive personal and financial information as with a credit card or bank loan application, you can receive a title loan estimate through Loan Cheetah by providing only the basics.
The application prompts you to enter a few pieces of simple information:
- Your name.
- Your phone number.
- Your zip code.
- Your vehicle's make, model, mileage and condition.
These details help the financial representatives at Loan Cheetah determine the value of your car and estimate how much money they can lend to you.
Upon completion of the application, you receive a pre-approval and a loan estimate. A loan representative will contact you at their earliest convenience to discuss the details of your loan. The entire process, from when you fill out the application to when the money is wired into your account, should take no longer than 48 hours.
Title Loan Legal Regulations
Tennessee law enables borrowers to obtain car title loans online. The maximum you can borrow with a car title loan in Tennessee is $2,500. State law also limits the amount of interest and fees a title lender may charge you.
Flex loans are also available in Tennessee. In contrast to a traditional title loan, a flex loan uses your vehicle's title as collateral to provide an open-ended line of credit up to $2,500. Similar to a credit card, a flex loan allows you to borrow against this credit line as often as you need, provided that you do not exceed it.
Title Loan Benefits
Title loans are easier to obtain than credit cards or bank loans, and they are less expensive than payday loans.
With a title loan:
- You do not need to have good credit or any credit history at all.
- You do not need assets, other than your vehicle.
- You can receive your money within 48 hours or faster.
Best of all, pledging your vehicle's title as collateral does not mean you have to give up your car. You may continue to drive it like you normally do while the loan is in force. Nothing about your day-to-day life changes, except now you have the money you need to meet expenses without undue stress.