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When Should You Get a Title Loan in Tennessee?

When Should You Get a Title Loan in Tennessee?

When you are in need of money, you have a lot of options of where you can go to get it. You can go to a bank or a credit union and ask for a personal loan, line of credit, or something similar. You could go to a cash advance service, ask a friend or family member for help, or you could get a car title loan.

If you’ve never heard of a car title loan, you may not know if it’s right for you. Our customers find that a car title loan helps them in many different situations, and it is easier to obtain than traditional loans and lines of credit from a bank or credit union.

Whether you need money immediately to cover important expenses or you are having trouble getting a loan at a bank or credit union due to bad credit or no credit, we can help. Here’s how you know if you should get a car title loan from Mid-South Title Loans, over other traditional loan options.

When Should You Get a Car Title Loan?

1. You have bills or immediate expenses

When bills are late or in collections, it’s of utmost importance to get those taken care of. But if you don’t have the money to do that in the short-term, a car title loan at Tennessee’s Mid-South Title Loans is a great option for you.

Our customers use their car title loan for many bills and expenses, including:

  • Dental and medical bills
  • School expenses, such as books and tuition
  • Car or home repairs
  • Holidays
  • Vacation
  • And more!

It’s a great feeling getting out of a financial rut with the help of a car title loan at Mid-South Title Loans. We help you get above water for your short-term needs, then you can pay us back within 60 days, with options for extension.

2. You have less-than-perfect credit

Many families have experienced financial ruts during the recent economic crises, and therefore, have a hard time getting approved for loans or lines of credit, which can be painful if they’re in a tough situation where they need money. Even if you just haven’t had a chance to build your credit, you will have trouble with banks or credit unions accepting your application and loaning you money.

Mid-South Title Loans in Memphis, Tennessee is a great option for people with credit issues of all shapes and sizes, because we don’t require a credit check at all. We simply require your lien-free title to be used as collateral while you pay off your loan, along with a few documents beforehand.

We want to help you build your credit and get in a good place financially, and we know that hard credit pulls damage your credit. So, we are proud to be a no-credit-check loan option for our Tennessee customers.

3. You own a lien-free title

If you have a car title that is in your name and is completely paid off, or lien-free, you qualify for a title loan in Memphis’ Mid-South Title Loans, as long as it’s been issued within 80 miles of your nearest Mid-South Title Loans location.

In addition to needing a lien-free title, you’ll need to fill out our application and provide a few simple, basic documents to our location when you come to get your money, like:

  • A valid photo ID or driver’s license, showing you are 18 or older
  • Your current car insurance

In addition, you’ll need to drive the car with your lien-free title to the Memphis, Tennessee Mid-South Title Loans location near you to get evaluated. We will use this to determine how much we can loan you, which will be based on how much your car is worth. We will offer you between $150 and $5000. Then, your lien-free title will be used as collateral, until you pay back your loan in full.

4. You need money now

When you need money immediately, you can’t wait weeks to get approved by banks or credit unions. Our process at Mid-South Title Loans is simple and easy, and it can take as little as 20 minutes from start to finish. It’s truly what sets us apart from other lenders.

Here’s how our quick and simple process works:

  • You fill out our application
  • You bring in the required documents (mentioned above), while driving the car your title is for
  • We inspect your car to determine your loan amount, then make you an offer
  • You accept the loan amount and terms, in exchange for us temporarily keeping your car title
  • You pay off the loan (usually in 60 days, but can be extended) and get your title back from us, plus a thanks!

Ready to get the funds you need with a car title loan today? Complete your online application or bring in your car now to get a free evaluation at your nearest Memphis Tennessee location!

Come to One of Our Three Memphis, TN Locations for Your Car Title Loan

It’s quick and easy to get the funds you need now with any of our convenient Memphis, Tennessee locations. Have a question that we can answer? Contact us through our website or call one of our locations below to talk to one of our friendly customer service professionals!

1680 Winchester Rd
Memphis, TN 38116

Phone: (901) 346-1040

4965 Summer Ave
Memphis, TN 38122

Phone (901) 821-9211

2798 S Perkins Rd
Memphis, TN 38118

Phone: (901) 794-5460

Proudly Serving Memphis, Tennessee & the Surrounding Area

Mid-South Title Loans proudly provides title loans to car owners in Memphis, Tennessee and Shelby County, including Germantown, West Memphis, Midtown, Cooper-Young, East Memphis, South Memphis, Parkway Village, Whitehaven, Berclair, Raleigh Bartlett, Southaven and the surrounding areas.


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1680 Winchester Rd
Memphis, TN 38116
Phone: (901) 346-1040

4965 Summer Ave.
Memphis, TN 38122
Phone: (901) 821-9211

2798 S. Perkins Rd.
Memphis, TN 38118
Phone: (901) 794-5460