Quick Pre-Approval For Car Title Loans In Memphis

Have you recently been turned down by a short term lender in Memphis because of your FICO score or because you were looking to borrow more than $500? Car Title Loans 123 offers a straightforward way to use your car as collateral for a loan, and we can get you an upfront estimate online or over the phone at 844-567-5011.

Title loans are simple to apply for, and qualified customers can borrow money within 24 hours. Anyone in Memphis can be approved with a bad credit history, and you'll keep driving the car while making the monthly payments. All you need is a paid off vehicle, proof of income, and secured loan amounts starting at $3,000 in Tennessee.

Where In Memphis Can I Apply For A Title Loan

There are many title loan companies in Memphis, TN. Most of the larger lenders offer both online and in person application services. With Car Title Loans 123, you can get started by calling 844-567-5011 or online. We only need your vehicle's information and contact details to get you a quote with the repayment terms, estimated loan amount, and APR. We'll then contact you to review the options and process the application. At this point, we'll find a direct lender that will fund your loan and get your cash instantly.

How Much Can I Borrow - What Are Loan Terms In Memphis, TN?

The final funding amount available with title loans depends on the car's current value on the resale market. With Car Title Loans 123, you can get pre-approved for $2,000 or more, with some customers eligible for up to $15,000 on well qualified vehicles. The great thing is that you can keep your vehicle while making payments, and your loan amount and payment term are up to you. Compare that to years past when you had to give up the car as collateral to a title pawn company. It turns out they're just fine using the pink slip as collateral instead!

Interest rates are typically much higher than traditional loans because they are considered high risk. However, the terms are usually much shorter, and you can always pay back the total amount anytime—most online title loans in Memphis last between 9 and 48 months.

Requirements For Memphis Title Loans

The requirements for Memphis title loans are the same as those for other parts of Tennessee. You need a paid off car, and the vehicle title must be in your name with no other lienholders. You must show proof of employment or bank statements showing you can make the monthly loan payments on time.

Companies may also require proof of ID, valid vehicle insurance with comprehensive coverage, and proof of registration from the Tennessee Drivers Services Division. They will ask you to complete a quick vehicle inspection before signing the paperwork. The loan amount will ultimately be based on the equity in your vehicle, and first-time applicants can expect to borrow $1,000 to $10,000.

What Else To Know About Car Title Loans In Memphis

Remember that a title loan lender will put a lien on your vehicle. You can keep driving your car, and there's no requirement to hand over the keys. However, you won't be able to sell a vehicle with a title loan on it, and the lender will essentially own the car and can repossess it if you fall behind on the monthly payments.

Another aspect of auto title loans in Tennessee is expecting your loan proceeds in 24 hours or less. Most local companies can fund your loan in one hour or less once you complete the vehicle inspection and sign off on the paperwork. Compare this timeframe to the days or weeks it takes to get your money from a typical loan company that runs multiple credit checks!

Apply online with Car Title Loans 123, and your lender will send funds to a checking account or debit card within 1-2 days. Or you can do everything in person with a neighborhood company in Memphis and pick up the funds directly that same day. By applying with us, we'll give you a few different quotes for vehicle equity loans.

Apply For No Credit Check Online Title Loans in Memphis

Car Title Loans 123 will take your application online or over the phone, and we'll then match you with a local equity lender in Memphis. Are you looking for a title loan in Germantown, Bartlett, or other parts of Tennessee? We can get you the same rates and terms throughout the state, so apply with us now to get same day cash for your vehicle.

Contact us at 844-567-5011 or apply online for a car title loan in Memphis!