How Do Title Loans Work In Tennessee If You Aren't Employed?
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Vehicle title loans can be a resource for those who need quick cash to pay for an emergency expense, but some may ask "how do title loans work in Tennessee?" as far as employment goes. Many people are looking for work and need a little extra cash to get by until they get a paycheck.
Private lenders offering title loans require the ability to repay the loan so you need a source of income. However, you don't have to be employed with a company to get a title loan in Tennessee.
How Do Title Loans Work In Tennessee?
Private lenders offering title loans in Tennessee must be licensed and operate under state law for their industry. Every state is different but there is some consensus on rules and policies.
You must be at least 18 years old to qualify for a title loan and must be a Tennessee resident. That means you must have either a Tennessee driver's license or a state-approved ID. You must also have a clean title but whether or not it must be registered in Tennessee is up to the private lender.
However, state law usually dictates that you transfer the tag and title to the state where you live after residing there for at least 30 days. States may have varying rules on time frames so you would need to check to see what the Volunteer State requires.
Gainful Employment
Private lenders can dictate the requirements for applying for a title loan and one of those could be submitting a recent paycheck or a checking account statement to show you can repay. Yet, most don't require that.
Lenders require you to list your job and earnings on applications but they don't call your employer to validate it. A title loan is a secured loan with lenders holding your title so those types of verifications aren't that necessary.
Issuing title loans can be a helpful resource for those who don't have a standard company job because it requires a source of income rather than employment. A source of income can be a government check, regular settlement checks, self-employment income, and independent contractor income.
Find A Lender
One of the important aspects of finding out how do title loans work in Tennessee is to find a licensed, reputable lender. A way to do that is with a platform that has a list of qualified private lenders to meet your needs. At Home Title Loans can offer the help you are looking for by connecting you with lenders in your area.
Private lenders with At Home Title Loans offer up to $15,000 in a vehicle title loan. Those applying need a state ID, a clean title to the vehicle in their name, and the vehicle available for a quick inspection.
These private lenders don't rely on credit for title loan approval or request such things as a pay stub. However, you will need a checking account because the borrowed money is sent to you through direct deposit.
Applying For A Title Loan
How do title loans work in Tennessee? Applying for a title loan through a lender listed with At Home Title Loans can help you through the process. At Home Title Loans can link you with lenders in your area through its lead generation website. You can do this in one of three ways. You can call 1-800-514-2274, use the chat feature on the website, or fill out the online inquiry form.
If you chose to submit the form online, a loan specialist from a private lender will contact you once they receive your information. The loan specialist will help determine the amount of money you may qualify for and the amount of your monthly payment. They will also talk to you about the application process and help you set an appointment to meet with a specialist to fill out an application.
If you use the chat feature or call, the call center specialist can help you as well. To make it even more convenient, most lenders do not require you to visit a store to finish your application. Instead, you can choose a location near you to meet the loan specialist to fill out the application, validate your documents, and do the vehicle inspection. At that time, the loan agent will give you a loan packet and verify the VIN.
This process can be completed in as little as 30 minutes, so you won’t have to dedicate much time out of your day. If you are approved, loan documents will be emailed to you for an e-signature and money will be deposited into your bank account the same day or the following business day.
Find A Lender Today!
Finding a lender is the first step to researching how do title loans work in Tennessee. To simplify the task, you can submit the online form letting At Home Title Loans know you are interested so that they can connect you to a licensed private lender who offers vehicle title loans. All their lenders meet the requirements of the state.
Fill out the online form today and see how much money you could borrow to help you with your unexpected expense. Find out if this alternative lending option is the right one for you.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
