Title Loans Murfreesboro, Tennessee
When you need money fast, does bad credit keep you from getting a fair and reasonable loan? Are you tired of getting rejected by traditional lenders who seem only willing to lend those who don’t need a loan the money they have? If you own your car, title loans Murfreesboro may be the perfect solution to getting the fast cash you need.
Debt collectors don’t wait for their money, why should you? Car title loans Murfreesboro get you the cash you need in as quickly as an hour so that you can take control of your finances.
If you can qualify for car title loans, you will find that this loan option is on of the most convenient lending options available when you need cash within 24 hours, regardless of your credit or financial status.
What are car title loans good for?
Car title loans are designed to be short term loans for emergencies. Short term loans must be paid back quickly. While each loan is tailored to the customer, the loan repayment period is usually a month or two for smaller amounts with a repayment period of a year or more for larger title loans.
Some reasons a customer may need car title loans include:
- To pay past due rent or a late mortgage.
- To cover past due utility bills before the service get shuts off.
- For emergency car repairs or home repairs.
- For medical expenses like a hospital room visit, expensive prescription medicine or a dental procedure that can’t wait.
- To post bail for a friend or loved one.
- To help a loved one in a financial bind.
How car title loans Murfreesboro work
When you apply for a car title loan, the title loans lending company will look at only three things to decide if they are willing to lend you the money you need:
- Your car’s title to confirm it is in your name and free of any liens or lien holders.
- Your car’s value which they determine by looking at what similar vehicles’ wholesale value is.
- Your ability to pay back the loan by looking at your income via paystubs, retirement checks, or bank statements.
Once they review these three factors, they can offer you a loan amount based on a combination of how much they think you can afford to pay back and a percentage of what your car’s wholesale value is.
Car title loans professionals are experts and can review the information and make you an offer often on the spot. If you agree to the offer, you sit down with the lender and discuss your needs and budget to put together a loan package and repayment plan you are comfortable with.
Once the title loans document is signed, you leave your car’s title with the lender as collateral until you repay the loan. In exchange, you get the cash you need immediately and still get to use your car as you normally would. Keep your car and drive back and forth to work or to get loved ones and kids where they need to go. No one even has to know that you have borrowed money using car title loans Murfreesboro.
What’s the best and fastest way to apply for car title loans?
The online application process is the most popular way to apply for title loans. The online loan application can completed at your convenience, 24 hours a day and seven days per week, from the privacy and comfort of your home. You can even apply online from your smartphone while you are out on errands waiting in line with groceries or while you wait to pick up the kids.
The simple loan application consists of two basic sections: your contact information and your car’s information. While your personal contact information is pretty self explanatory, the section requiring information about your car will ask you for:
- Your vehicle make and model.
- Your vehicle model’s year.
- The condition of your car (from poor to fair all the way to excellent).
- Your car’s current mileage.
- Your car’s vehicle identification number (VIN) which can be found on your car’s title, registration or on the left hand side of the inside of your dashboard.
With this information, you can complete the online application in a couple of minutes. A loan approval and estimate could be yours just as quickly.
Documents you will need to bring in when you pick up your title loans cash
Depending on the lender, you may need to bring in all or just a few of the following items. A lender will provide you with a list of items to bring when they approve you for the loan. If they don’t, call ahead and ask them for the list to save yourself valuable time.
Items you may need to bring when you pick up your car title loans cash:
- The original vehicle title in your name with no liens or lien holders labeled on it.
- A government-issued photo identification like a driver’s license that matches the name on the car’s title.
- Recent pay stubs, bank statements or other proof that you will be able to repay the loan.
- A recent utility bill or other proof of residency that matches the name on the title and the address on the loan application.
- Your current vehicle registration.
- Proof of vehicle insurance.
You can still qualify for car title loans even if you’re retired as long as you can assure the lender you will be able to pay the loan back. Monthly pension or retirement check stubs or bank statements showing the regular deposits would work.
Car title loans are a top way to get money conveniently and quickly when you need cash fast. Contact us if you have any questions or apply for a title loan now using our simple, online application.