May 21, 2018
Are you considering getting a title loan in Memphis? Are you in need of quick cash for bills or other necessities?
If you’re experiencing a job loss, another financial crisis, or simply a gap in your finances, you need to find a way to get the money you need to pay off outstanding debt or simply make ends meet. When you’re looking for options to cover your needs, you can go to a number of places: a bank, a friend or family member, or a short-term lender like Mid-South Title Loans in Memphis, TN.
So, what’s the difference between your options? Why should you choose a title loan over other Memphis lenders? Are there benefits to a title loan that you can’t get from someone or somewhere else?
These are all the questions that are probably going through your head. Let us help you understand why a title loan is a great option for you.
4 Ways a Title Loan from Memphis’ Mid-South Title Loans Will Benefit You
Pay Off Debt Quickly
One of the most attractive qualities about getting a title loan, for our Memphis customers, is that you can pay off your debt quickly. Maybe you have outstanding medical bills, maxed out credit cards, or mortgage bills that aren’t getting paid. When debt piles up, it can easily overwhelm you. Plus, lenders don’t wait to get paid. They go to extreme efforts to get the money they’re owed, like sending your bill to collectors. And once your debt goes to collections, it gets even worse. Debt collectors go to any length to get your money – harassing your family members and yourself on a weekly or daily basis. Nobody likes being on the other end of that.
A title loan allows you to get your debt paid off, so that you don’t have to be the victim of debt collectors. It helps you get peace of mind, so that you don’t have to worry about when you’re going to be able to pay off your debt. You can pay it off now. You can stop waking up in the middle of the night worried and stop having fights with your significant other over bills. You can finally focus on the things that really matter – like your family.
Your Loan Can Be Paid Off Quickly
Since we know that debt is stressful, we don’t want you to have to pay off your title loan over a long period time. Our loans are smaller than other lenders, and you pay them off quicker than you would a traditional loan. Instead of making small monthly payments and paying for extra interest over a long period of time, our loan terms are short-term. They are based on a 30-day renewable contract, and you can renew it for an additional 30 days, if you need more time. This means that not only do you not have to worry about carrying your title loan debt over a long period of time, you also pay less interest, which is in your best interest.
Quick and Easy Process
One of the biggest problems, when trying to get money loaned to you, is having to wait a long time to get approved and get the money you need. When it comes down to it, you need money now, and you don’t want to wait. That’s why we have so many satisfied customers in the Memphis area – it is a lot easier to get a title loan at Mid-South Title Loans than any other lender. In fact, the entire process can take less than an hour!
How It Works
- Start by filling out our online application. It’s easy to fill out and can be done in the comfort of your own home.
- Bring your vehicle, photo ID, insurance information, and lien-free title to your closest Mid-South Title Loans location in Memphis.
- We’ll inspect your vehicle to determine that amount that we can loan you, and we will create your title loan. You’ll receive an amount between $150 and $2500, dependent on your vehicle value, your cash needs, and your repayment ability. It will be a 30-day contract with an option for renewal.
- We’ll keep your lien-free title, while your loan is still in repayment, and as soon as it is paid off, we’ll promptly give you your title back.
No Credit or Extensive Requirements are Involved
When you have bad credit, no credit, or simply a few credit bumps and bruises, it can be extremely difficult to obtain money from a lender. At Mid-South Title Loans of Memphis, we don’t require any credit checks. So, your credit won’t see a hit at all from a hard pull, like many lenders do, before approving you for your money. Plus, if you have credit issues, it won’t keep you from getting approved and getting the money you need.
In addition, most lenders have a laundry list of documents that need to be on record for you to get approved for funds, such as pay stubs, recommendations, and beyond. One of the reasons why it is so simple and quick to go through Mid-South Title Loans in Memphis for your loan needs is there is no need for excessive documents for approval. Sometimes, you spend lots of time getting these documents to get approved, and you end up getting denied a loan anyways. It can be a complete waste of time, and you’re back where you started – without funds that you need. The only documents that we require are your lien-free title, proof of insurance, photo ID, and a completed application.
Get Cash Now at Memphis’ Mid-South Title Loans
No matter what you need your title loan for, any of our Mid-South Title Loans locations in Memphis are ready to help you with your needs. With the help of our quick and easy process, you’ll get back on track financially in no time. Plus, you can come by for a free inspection of your vehicle anytime!
If you have any questions, call your closest Memphis area Mid-South Title Loans location, contact us through our website, or stop by today!
Proudly Serving Memphis, Tennessee & the Surrounding Areas
Mid-South Title Loans proudly provides title loans to Tennessee’s Memphis and Shelby counties, including the cities of Germantown, West Memphis, Midtown, Cooper-Young, East Memphis, South Memphis, Parkway Village, Whitehaven, Berclair, Raleigh Bartlett, Southaven, and the surrounding areas.