Are you looking for more details about how you can borrow fast cash and get approved for a loan without a decent credit score? At Car Title Loans 123, we provide guaranteed approval funding for car title loans in Nashville. Also, the requirements to get approved and keep driving your car are more or less limited to your pink slip and a few other documents. Find out what you need and how to apply most quickly and efficiently as possible.
Other than a paid off pink slip, it doesn’t take much to get approved for fast online title loans in Nashville. Qualified applicants must prove that their car’s title is paid off and fully in their name with no liens attached to the pink slip. It must also be a lien-free title to get approved. Some lenders may require additional documentation, but this is not always true. The following items are what you’ll typically need to have on hand when you go to apply:
While a bad credit history or recent loan default can make it challenging to be approved for some loans, it’s not an issue when trying to get a car title loan in Nashville. That’s because most lenders in Tennessee use the equity in your car as collateral for the loan, so they’re not as interested in your credit score or history. Instead, they’ll focus on whether or not you have the ability to repay the loan per the terms of your agreement.
To get started with your lending request, all you need to do is fill out our online form or call us. We’ll work with you to determine how much money you can qualify for and help you through the rest of the process. It only takes 10-20 minutes to complete the application and you could conceivably hear back regarding a funding decision in an hour or less! Don’t waste time dealing with payday loan companies and installment lenders that take days to process your application only to offer you a few hundred dollars at best! When you apply with a local lender, you can borrow up to $15,000, and you don’t need excellent credit!
Your vehicle’s brand and model will help determine how much money you can qualify for with a guaranteed approval equity loan. In most cases, your car’s value determines the amount of money you can borrow. The average loan amount ranges from $400 to $3,500, but some lenders may offer more based on the value of your vehicle. The following are specific examples of what you can expect to get approved for:
Small cars and trucks under $5,000 – You can typically qualify for up to 50% of the resale value of your vehicle. This means that if your car is only worth $3,000, the most you could borrow would be $1,500. The loan amount could be up to $5,000 or more for larger trucks or SUVs.
Mid-sized cars and trucks between $5,000 and $10,000 – With a vehicle worth slightly more, you can qualify for a higher loan amount. In this case, you could borrow up to 60% of the resale value, which means $6,000 or more on a car worth $10,000.
Luxury cars and trucks over $10,000 – For vehicles worth a significant amount of money, you can usually qualify for the lending amounts on title loans with no income currently available in Nashville. For these high value vehicles, you may be eligible for up 70% of the equity value in the form of a collateral loan.
There’s no rush to leave your house to apply for auto money title loans. Our online form makes it simple and hassle free for you to get started and we can usually determine how much money you can qualify for in less than an hour. We’ll then connect you with a direct lender who can help you through the rest of the process and fund your loan as soon as the next business day!
Some people would much prefer to apply directly with a lender in Nashville, TN, as they can probably get access to their cash quicker. It doesn’t matter if you live in The Gulch or Germantown; you should have no trouble getting a quick inspection and grabbing your cash within an hour or less from any finance company in Davidson County, TN.
A loan buyout and a refinancing are two completely different things. With a refinance, you would take out a new title loan with a different lender to pay off the old one. In most cases, this is done to get better terms on the new loan but it can also be done because the borrower has found themselves in a difficult financial situation and needs some extra time to repay the debt.
Loan buyouts are typically only an option when you have multiple online title loans from different lenders. The idea behind a loan buyout is that the new lender will pay off all your outstanding debts and then provide you with a single loan that’s easy to manage. This can be a great way to get out of debt and move on to more preferred terms with a lender willing to work with you and lower your rates.