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Ways to Use Title Loans for Quick Cash this Fall

Ways to Use Title Loans for Quick Cash this Fall

Fall is here, and with it come all the joys and pains of the seasons. The Blue Ridge Mountains come alive with the changing of the maple, sweetgum, and hickory leaves and the air starts to get crisper and cooler as winter approaches. However, fall also comes with an extra set of responsibilities to ensure that your home is ready for cooler temperatures. Weatherproofing your home, buying firewood, blowing out sprinklers, and maintaining the yard all cost money that can put a toll on other fall activities like school supply purchase and holiday shopping. Holiday shopping, a popular fall event, racked Americans an extra $1,000 average of debt last year.

Certain times of the year are harder on people, but that shouldn’t stop people from doing normal fall activities. Here are some ways you might utilize title loans to make the most of your fall.

Take a look at some of the best ways to utilize your title loans

Get a Head Start on Holiday Shopping

Most people want to get started on Christmas and Hanukkah shopping well before December. No one likes shelling out hundreds of extra dollars all at once, even if it means putting a smile on their kid’s face. But that doesn’t stop 76% of adult Americans from making Christmas purchases right up to the big day. This makes buying the perfect gift that much more stressful and harder on the wallet, and it often means that many shoppers do not have the time or the money to buy everything that everyone wants on their list.

The secret to this? Successful holiday shoppers say that it is to buy often and early. Buying early ensures that no one misses out on a Christmas gift and that purchases are spread out over time rather than all lumped in at once (during a time when heating bills begin to skyrocket due to winter weather). Obtaining a car title loan in the fall gives shoppers flexible spending money to get started purchasing and putting things on layaway while making more manageable payments on their purchases.

Pay for an Unexpected Emergency When Money is Tight

Perhaps you are the type of person that does budget for Christmas shopping, Halloween costumes, school-related costs, and cool-weather preparation. Even if you start saving for these things well into mid-summer, the budget still does not include medical or other emergencies. The truth is, no one can plan for emergencies effectively, which makes paying for their aftermath harder than ever during the busy autumn season. To make matters worse, autumn increases the risk of the typical person experiencing a medical emergency. Fall-related accidents are heightened due to decorating for holidays like Halloween and Thanksgiving and the likelihood of catching an infectious disease doubles as college students head back to the dorms.

In times when emergencies rear their ugly heads and dredge up unexpected expenses, car title loans can help quickly pay for these emergencies. Title loans can be obtained quickly and do not require the standard wait period that many financial institutions’ loan applications take. Getting your kid who is sick with the flu the medical supervision they need requires fewer than seven business days.

Go All-Out on Your Winter Preparation

For many homeowners, proper housing upgrades start with a trip to the bank for a home improvement loan. They prepare in advance, apply well before they need to, and even make sure that their credit health looks normal. Some homeowners, however, walk away from the bank with a denied loan application despite their better-than-average credit or their stable jobs. This leaves homeowners with anxieties about how they are going to keep their homes warm and safe after the fall. In Australia, homeowners reported paying up to 30% of their gross income on housing costs, which is far more than anyone should have to spend on basic human necessities. Facts like these are what keep people up at night, and the same Australian study indicated that severe housing stability anxiety can take a toll on mental health.

For extra help with the cost of living, taking out a car title loan can provide predictable, more easily handled payments than emergencies due to ill-preparedness. Additionally, those that might not be able to obtain a loan otherwise are able to get the money they need from these types of loans.

Get Ahead on Paying Off Student Loans

The fall also means school starts, which can be a blessing and a curse. While parents tell their children to consider paying off their loans while they are in school, many do not heed their parents’ warnings and wait the full four years before considering payment. This can lead to thousands of extra dollars in payments and can prevent bright young graduates from waiting to obtain the job of their dreams.

Opting for a car title loan in lieu of private loans is a way to motivate young adults to take hold of their financial future while paying off loans in college. With short-term car title loans, loans for up to the amount of their tuition can be procured (depending on the car being evaluated) and will be paid off in much less time than the traditional private loan, saving students potentially thousands of dollars.

Bring the Family Together on Thanksgiving

Title loans don’t need to be for budgeting and emergency purposes always, however. A recent study showed that Millennials, in particular, struggle with holidays as reflections of the things that they have neglected to do. This causes them a great deal of anxiety and causes 10% of that demographic to spend major holidays alone and another 10% to refuse to ask for monetary help during the holidays, which directly impacts their ability to be with family. A car title loan taken out in the fall can secure cheap, early funding for a relative that may usually spend holidays alone, giving them the opportunity to pay for their travel over a longer period while reaping the benefits of being with others during the time that matters most.

If you live in Memphis and want to take advantage of savings this fall, ask the folks at Mid-South Title Loan about how we can help you secure the funding you need. You can contact us here.

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Benefits and Reasons to Get a Tennessee Title Loan

Benefits and Reasons to Get a Tennessee Title Loan

Tennessee residents are a diverse crew of people, and the diversity that has made our state so interesting is also what has brought it so much attention. Housing both the Bonnaroo music festival that pulls in thousands of people from all around the country each year and being the most religious state in the nation, Tennessee is so popular because there is so much to do for such a diverse set of people. Tennessee is also one of the least expensive places to live in the United States, with housing rates hundreds of dollars below the national average. But despite there being massive amounts to do on the cheap in this state, as well as the state having a fair living wage, there are always reasons that people need a little extra money that they cannot get in other ways. That’s where obtaining a Tennessee title loan can help.

Here are some reasons to get a Tennessee title loan and how they might help you.

You get to talk to someone you know and trust

Ads for title loans can be seen nationally, and they make it tempting for those in need of a little extra cash to reach out to them for help. However, Tennessee title loans through trusted lenders combine knowledgeable service from those who have been in the title loan business for a long time with the local expertise that you can trust. Reputable loan lenders, like Mid-South Title Loans, see their customers as unique individuals and members of their community with struggles that are inherently linked to themselves as members of the community.

This helps your lender find you not only the most for your money when it comes to getting a title loan but work with you on a personal level to find a way to pay it off. Working with local businesses isn’t just a Tennessee preference, however. Studies across the United States and the UK show that people prefer local products because of the time and the passion that is put into them.

You can get the cash for the down payment for your move to Tennessee

Perhaps you aren’t a local, but you want to be. Moving is expensive, and even with Tennessee’s lower than national average rent rate, it can be hard to save up enough for first month’s rent, last month’s rent, and security deposit payments, which average to a little over $2500 to move into a new place. Put that on top of the cost to move from out of state, and that can bump your moving average up to almost $5000. Even with stringent saving, you’d have to make more than minimum wage over a period of months to save up that much money.

If you need to move quickly, for a job or for other reasons, and cannot afford the high cost of moving, you should consider taking out a title loan. Title loans can be taken out without needing cash collateral or down payment and take less time than a traditional bank loan to apply for. This leaves more time for packing, moving, or scoping out the perfect house or apartment.

You can take advantage of the quick cash to fund your business venture and invest in our culture

Those who already live here know how diverse our culture is. We are home to an unprecedented number of entrepreneurs. As many as two-thirds of entrepreneurs are optimistic about buying and sustaining a small business in Tennessee right now. The underlying meaning in all this? Tennesseans are hoping to make it on their own, but many of them cannot afford to. This is a big hit to Tennessee as a whole, as its musical culture, local foods, and craftsmanship all contribute to the state-sustaining tourism. For those without good credit who have a big idea, those realities hardly ever come to fruition because of the lack of funding.

With title loans, however, it is possible to make big dreams happen regardless of what your past credit has to say. Title loan providers understand that credit does not always define a person’s determination or responsibility, and those who have failed to make a living in the past find new opportunities in funding their entrepreneurialism with the help of a title loan. In fact, economists have said that those who are willing to put their time and effort into a cause, adjust to meet with changes over the years, and those who are continually willing to learn are very successful in their future ventures. Therefore, taking out a title loan could help put a business idea into practice.

You can support our economy, and ultimately yourself, by spending money in our state.

Title loans are not always taken under financial duress. Sometimes, a person might be making a consistent income but might also want something that is a little over budget. They have room in their budget for extra payments, however, they might not have enough to buy a local artisan’s craft or go see a big concert at the time it is happening. In this way, investing in a TN title loan helps more than one entity. It boosts the local economy, allowing loan companies and the local craftspeople whose items you buy with your loan to benefit. Additionally, it saves you from working with corporate banks who make more money than locals, and sometimes even has more competitive APRs.

Supporting the local economy through the purchase of local goods helps everyone, including you, out. It supports local taxes, which ultimately allows the town or city that you live in to thrive.

Are you ready to benefit from a Tennessee title loan? Let one of the experts at Mid-South Title Loan help you out with your application today. With locations on Winchester Road, Perkins Road, and Summer Ave. in Memphis, there are multiple offices to work with your locational needs. Or, you can contact us today by visiting our website and filling out the convenient form at the bottom of the page.

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How Can Car Title Loans Help Me

How Can Car Title Loans Help Me

Title loans can get a bad rap for no reason. Critics of title loans say that APR rates are too high, risks are too great, and the payoff time is too quick for it to be worth it. But these risks exist with all types of money lending services, including credit cards and bank loans. What credit cards and bank loans don’t come with are personalized service and face-to-face meetings with your lenders. If you are offered a loan or credit card in-person in a banking institution, it is a one-and-done type deal. Car title loans are excellent opportunities for those in need of quick cash to work with a local lender who gets to know you as a person and continues the lender-client relationship for an extended time. That way, if you ever need to take out a title loan again in the future, you will be able to do so easily.

Here are some ways that car title loans can help you if you need a little extra cash and might not have other ways to obtain it.

Getting cash without credit or with bad credit

Those who have bad credit know that it is very hard to obtain a loan or credit card if they have poor scores or high credit card balances. But paying off high balances in a manner that indicates “creditworthiness” can take years, even if you are paying all your bills on time. In fact, the average American is in just under $5,000 worth of debt, and it can take 10 years to pay that debt off. That makes applying for loans with a good credit score bleak. But people with no credit are not better off—even if you have no credit and make plenty of money to live comfortably, the bank is still likely to deny you a loan. The reason? They need collateral to ensure that you will pay them back.

With title loans, your car is your collateral. Title loan providers don’t need to dive into your personal credit history to assess your worthiness. Not only does this save time, but it ensures that those with poor or no credit can obtain loans using their assets rather than a made-up symbol of your financial health.

Getting cash during a medical emergency

Then, there’s the matter of emergencies. Emergencies happen right after you’ve paid all your bills for the month or after you’ve used a little extra money to splurge on yourself. They happen at the best and worst of times, and this is most likely why fewer than 40% of Americans have enough money in savings to pay for a medical emergency of $1,000 or more. This means that in the event of an ambulance ride, most Americans are only able to for the ride to the costly emergency room visit. And this just counts for medical emergencies, neglecting things like car emergencies, deaths in the family, and housing emergencies that can total much more than $1,000.

And applying for a bank loan takes time, which often does not leave the borrower the room that they need to make timely payments. Title loans can be acquired in much less time than a bank loan, and offer flexible solutions when emergencies happen.

Planning for future events

From the purchase of the ring to the honeymoon spent in a tropical location, weddings are often one of the number one causes of financial stress in young Americans. In fact, the average cost of an American wedding totals out at a little more than $25,000. Although many couples end up spending much less than that, there is always an associated cost with getting married, even if it means just purchasing the marriage license and paying to get your own identification documents changed. Many young couples do not have the money up front to afford a wedding ceremony, and this is causing the rate of married couples to continue steadily declining. When parents do not help with weddings, banks will not give out loans, and you are working hard enough as it is to make ends meet, having a beautiful wedding ceremony seems out of reach.

But if you have a car and a little extra monetary wiggle room, taking out a title lien with a car title loan provider can give a young couple a little extra money to make a ceremony happen in a way worthy of showcasing their dedication. Title loans are also great for planning quinceaneras, bar and bat mitzvahs, retirement parties, and other events that take a little extra to make extra special.

Making a mid-sized purchase when the bank has denied you a loan

Believe it or not, banks can deny you a loan based on many factors. Most believe that good credit is the best qualifier for bank loans, but even those with good credit are denied loans on a regular basis. In an article about mortgages, a whopping 32% of loan applicants with excellent credit scores were denied access to a mortgage for other reasons. One of the biggest reasons? Having too many prior loans. This makes obtaining a loan as a college student or someone still paying off their college loans nearly impossible. Banks don’t see the reason for private loans, they just see that you have them taken out and get suspicious at the number you have.

With car title loans, the lender does not consider the number of loans you have out, your credit score, or other factors relating to your financial history. Instead, they use your vehicle as collateral. If you are someone with an excellent credit score but other loans or an alternative job (such as an independent contracting job), this type of loan is very beneficial.

If you live in Memphis or the surrounding area and are seeking help to fund a major event in your life, consider working with Mid-South Title Loans. They can help you get the money you need in a timely and efficient matter. For more information, contact us, or come to one of our Memphis, Tennessee locations.

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Where Can I Find a Quick Loan in Memphis?

 Where Can I Find a Quick Loan in Memphis?

When you’re in need of quick cash through a loan in Memphis, TN, you have a lot of choices.

You can find so many different types of loan providers who offer different types of loans, different amounts, and have different requirements. Some of them specialize in loans that are long-term and can take a while to get, and some of them have loans that are created to be short-term, quick cash options, like Mid-South Title Loans.

When you’re ready to get a quick loan in Memphis for short-term financial support, here are some options near you.

Where to Get a Quick Cash Loan in Memphis

A payday loan provider

When people need money quickly, one of the most attractive options that comes up is a payday loan provider. That’s because, like a title loan provider, you can get your money quickly. At a payday loan provider, you can get your loan in as little as 15 minutes, but it comes at a hefty cost.

One of the biggest downfalls of going to a payday loan provider is the unbelievably high interest rates. If you trip up at all during your repayment process, you could be paying a lot more money in the end – sometimes double or even triple your loan amount. This is extremely risky, because you never know what may happen, when it comes to finances.

Plus, unlike a title loan provider, you’ll have to provide income verification documents and undergo a credit check. If you have a rocky credit history, you may not be able to get as much money as you need, or you may not even be able to get money from a payday loan provider.

While payday loans seem like a good option for quick loans, there are better options out there.

A bank

While banks don’t specialize in quick loans, many people think banks are the only resource for loans, so even when they need money quickly, they turn to a bank. When you need money quickly and you use a bank for a loan, you’ll have to put off your outstanding payments or your important car or home repair even longer. The process to get a loan here can take days or weeks.

Banks often have in-depth vetting processes for both approving you for a loan and determining how much they will loan you. You need to have great credit, a great job, and also have a steady housing history. They will jump through hoops to ensure they know everything about you, before lending you money.

In addition, while you may just need money to cover you for a short time, you’re usually signing up for a long-term loan with a bank. They make it seem like a good option, because you’ll only be making small, monthly payments. However, you’ll be paying much more interest in the end, rather than going to a short-term loan specialist. If you’re just looking for a short-term loan that covers you during an unusually tough financial time, you need to find another solution.

Mid-South Title Loans

Mid-South Title Loans’ three Memphis locations are the best choice for you, if you are simply in need of short-term cash. It is flexible to fit your financial needs. If you don’t have good credit, you don’t need to worry. Your credit won’t be pulled and won’t affect either your loan amount or your ability to get a loan. In as little as 20 minutes, you can get a title loan at Mid-South Title Loans. All you’ll need to do is:

1. Fill out an application. You’ll fill out basic info about you and your financial situation, so we can learn about your needs and your repayment ability.

2. Gather your required documents and drive into our nearest location. In order to qualify for a title loan, you’ll need to have a few documents in hand, including:

  • Your lien-free title - This means your car is paid off completely.
  • Your valid photo ID or driver’s license - We need proof that you are 18 years of age or older.
  • Your car insurance information - It simply needs to be active.
  • In addition to your required documents, make sure you are driving in your title’s vehicle, so that we can inspect it. Upon inspection, we can find your car’s value, which helps us to determine your loan amount.

3. Review your title loan offer and terms. With one of our friendly title loan service professionals, you’ll review the loan amount and your loan’s contract. Our loans are under 30-day renewable contracts, so if you are in need of more time to pay your loan back, you can request a renewal. Once you’ve reviewed and agreed upon the offer and its terms, you’ll give us your title, temporarily.

4. Pay your loan off to receive your title back. Once your title is paid back in full, we’ll gladly give you your title back, and know that if you are ever in need of a quick loan in Memphis, we’d love to help you.

Get the Money You Need at Any of Our Memphis Locations Quickly

No matter which area of Memphis you live in, we’d love to help you with a quick loan that is perfect for you. We’re your best option for getting short-term financial support that helps, not hurts. When you want to get the money you need, when you need it, come to your nearest Mid-South Title Loans. We know you’ll love working with our helpful, knowledgeable team of professionals.

Do you have a question about a title loan that you need answered? We’d love to get in touch with you. Please call or stop by the store near you at your convenience or easily contact us online through our website’s contact form. We’d love to talk to you!

Proudly Serving Memphis, Tennessee & the Surrounding Areas

Mid-South Title Loans proudly provides quick car title loans to Tennessee’s Memphis and Shelby counties, 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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How to Find the Right Title Loan Near Me

How to Find the Right Title Loan Near Me

Interested in quick cash to get your money problems solved? Finding a title loan near me is a great choice.

There are many title loan providers near you, no matter where you’re at in the Memphis area, and you want to make sure to choose the best option for you. From customer service to loan amounts to how quickly they can get you the money, there are many qualities to look at to ensure you’re choosing the right title loan provider.

When you’re ready to find a title loan near you in Memphis, here’s how to make the right choice.

How to Find the Right Title Loan Provider Near You in Memphis

Customer service

It’s always important to review a company’s customer service. After all, will they be helpful when you have a question, or will they work with you when you have a problem? When you are working with a title loan company, you’ll want to ensure that the company is always available for you. Whether it’s by email, phone, or in-store, you need to know that you have a lending partner, and you aren’t just another transaction. Whether you’re unable to make a payment on-time or you’re unsure of some of the details on the contract, make sure that you trust the people on the other end of the contract.

Loan amounts

When you’re interested in finding a title loan provider near you, you want to make sure that they can accommodate the loan amount that you need. Need a couple hundred dollars to cover your expenses until your next paycheck? Make sure that the title loan provider can lend you that. Need a couple thousand dollars for an expensive home repair? Make sure you get the money you need.

Make sure you also know how the title loan provider determines how much it can loan you, because while you may want a certain amount, you may not be qualified for that amount at a specific title loan provider. Usually, it depends on your current financial situation, as well as your car’s value. Your credit isn’t usually a determining factor in the amount loaned you at a title loan provider, and it definitely isn’t at Mid-South Title Loans’ three Memphis locations.

Loan terms

When you’re borrowing money, you want to first make sure you can pay it back. After determining the right loan amount for you, you’ll want to make sure that your title loan provider has the right terms for you. Plus, you’ll want to read the fine print of the terms that your contract is under – especially the interest rates. Make sure that the loan’s terms, including the time to pay it back and its interest rate, works for you.

At Mid-South Title Loans, our loans are under 30-day renewable contracts. We want set the stage for our customers in the Memphis area to pay us back quickly. We want your loan to be manageable, and we want you to pay the least amount of interest possible. However, if you need more time to pay off your loan, you certainly can request a contract renewal, which may result in additional interest. In some cases, it’s worth it to pay the small amount of interest, so that you can have the extra time.

Application process

One of the most important aspects of finding the right title loan provider is by looking at the application process, and more specifically, the requirements for getting the loan you need. You’ll need to know what documents are required for your title loan, and how those affect the amount of money you’ll receive.

At Mid-South Title Loans, we have a quick and easy process for our title loans, and the documents you’ll need to have ready for us are:

  • Your lien-free title
  • Your car insurance
  • Your photo ID or driver’s license
  • A filled out application

In addition, we’ll need to inspect your vehicle to determine its worth. This, plus the info you fill out on our application, will help us determine how much money we can lend you.

Turnaround time

When you are in need of money, it can be urgent. Whether you have bills that have gone to collections or tuition that needs to be paid immediately, the amount of time it takes to get your loan is important. Will it take a few hours? A few days? These are important questions to ask, in order to find the right title loan provider.

At Mid-South Title Loans, our customers can get their check written in as little as 20 minutes. You will certainly be able to get your money on the same day that you apply. Many people choose to fill out their application online at home and complete the rest of the process in-store. At Mid-South Title Loans, it’s all about when it’s most convenient for you.

Get a Great Title Loan at a Mid-South Title Loans Location Near You

Memphis’ Mid-South Title Loans has three convenient metro area locations to serve you. No matter what side of the metro you’re on, we’d love to help you with a great service and the loan amount that works for you. Get the money you need fast, easy, and painless at any of our Memphis area locations.

Want to ask us a question or get more information? Call or stop by your nearest Mid-South Title Loans location or send us a message on our website’s form. We’d love to answer your questions!

Proudly Serving Memphis, Tennessee with Title Loans

Mid-South Title Loans is proud to provide car title loans near customers in 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.

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Car Title Loans vs. Payday Loans

Car Title Loans vs Payday Loans

When you’re in need of quick cash from a loan provider, two of the best options are car title loans and payday loans.

Payday loans are a popular choice, because many people aren’t sure what a title loan is. They think it may take your car away or your title away, for good, but that’s not the case at all.

There are many differences between a car title loan and a payday loan, and we think you’ll be interested to see why a car title loan is the better choice of the two. So before you settle on a payday loan, read more here.

The Differences Between Car Title Loans and Payday Loans

Credit checks

When you apply to get a loan through a payday loan lender in the Memphis area, you’ll fill out an application, just like anywhere else, but your credit will also be investigated. As part of any payday loan’s standard process, your credit report will be run and used to decide both how much money you’ll receive and if you even qualify for any amount of loan through the Memphis payday loan lender.

When you apply for a loan through a car title loan provider like Mid-South Title Loans, you will also fill out an application, but your credit will not be used as a factor in our decision. We will not run a credit check, because we don’t need it to help us determine whether or not you qualify for a car title loan. Our car title loans are approved based on a few qualifying factors – most importantly, your car’s title.

Requirements

Since Mid-South Title Loans is a car title loan provider, you probably know that your car’s title is involved, but you may not know how. First off, we don’t keep your title for good. We do ask to temporarily keep your title, while your loan is still in repayment. As soon as you get your loan paid off, you’ll get your title back. It’s a simple, easy process. But in order for your title to qualify for a title loan at Mid-South Title Loans, it needs to be lien-free or debt-free. And as long as you have a lien-free title that is issued to you within 80 miles of your nearest Mid-South Title Loans location, you qualify for a title loan.

In addition having a lien-free title, you’ll need a few more simple requirements:

  • A driver’s license or photo ID, showing you are 18 or older
  • Your titled vehicle is in driving condition
  • Current car insurance
  • A filled out application

That’s it. There are no extensive verification documents, which helps us keep our process simple and short.

When you apply for a loan through a payday loan provider, you’ll need a few more than just the basic requirements. Payday loan lenders usually ask for proof of income and access to your bank account. If you don’t keep your paystubs, proof of income can be a pain to get. Plus, asking for access to your bank account isn’t exactly a non-invasive way of lending. They do so because then they can automatically withdraw your payments, and if you miss any payment, they will keep withdrawing until they get it – ruthless.

Loan terms

When you get a loan through Mid-South Title Loans, your loan will be under a 30-day renewable contract. This means that you, initially, have 30 days to pay back your loan. You can choose to pay it back sooner, and you can even opt to renew your contract, if you need more time to pay. We hope that the 30 days provides you with enough time to get your loan paid back in full, so that you don’t have to pay back additional interest.

Your loan term depends on the amount lent to you at a payday loan lender. Even if you’re only borrowing a couple hundred dollars, you are told that you can pay it back in multiple payments, which, when coupled with the abnormally high interest rates, results in paying more than you need to. Just like how banks and credit unions present you with the option to pay small monthly payments and pay lots of interest without knowing it, so do payday loan lenders. The problem is, they also have the highest interest rates around.

Loan amounts

Payday loan amounts and car title loan amounts are similar, but can vary from provider to provider. At Mid-South Title Loans, we write up title loans in amounts between $150 and $2500.

Get Started on Your Car Title Loan Today

When you’re trying to decide between a payday loan and a car title loan, we hope you can see the clear benefits of choosing a title loan over a payday loan. We’d love to serve you with a loan option that is quick, easy, and painless. We know you’ll love our car title loans and our helpful, professional service process. If you want to get a free inspection on your car, bring it by any of our Memphis locations today!

Have any questions now that we can answer for you? We’re available at your convenience. Stop by or call the location near you to talk to one of our friendly car title loan professionals today! You can also send us a message through our website’s form. We look forward to hearing from you!

Proudly Serving Car Title Loans to the Memphis, Tennessee Area

Mid-South Title Loans is your #1 car title loan provider in 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.

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Which Type of Loan Is Best for Me?

Which Type of Loan Is Best for Me?

When you are in need of additional income, there are so many options out there, and it can be hard to figure out just which one is right for you.

There are traditional loans and lines of credit that you get from a bank or credit union, which is the route that is typically taken by people in need of a loan. Then, there are payday loans. And there are also title loans, which you can get from a title loan provider like Mid-South Title Loans.

Each of these loans is fit for a specific situation and individual, and here’s how to tell which one is right for you.

How to Decide Which Type of Loan Is Best for You

Traditional loan

Traditional loans are usually given out at banks, and they are typically done through a long, thorough process. Many banks in Tennessee ask for income verification and housing verification, in addition to a credit or background check, when you need to loan money from them. Depending on the loan type you’re looking for, the credit check may even result in a hard credit pull that can lower your credit score a couple of points.

Traditional loans are usually a long-term solution. They are used to cover long gaps in finances or make a large purchases. In addition, the process can take weeks to get approved and get the money you need. Traditional loans are more flexible in terms of amount given, and they can be given out in very large amounts.

Traditional loans’ monthly payments are usually reported to the three major credit bureaus. When you pay them back every month, you will see a rise in your credit score, or you will see a drop if you fail to pay your monthly payments on time.

Line of credit

A line of credit is also a traditional solution for extra money, and the amounts can range from a couple hundred to many thousands. Even though it may seem like a good idea to max out your line of credit at some point in time, you will be paying for it in interest.

A line of credit is often used as a safety net to cover any gaps in finances or emergency situations, and your line of credit will be increased based on your ability to make your monthly payments. While it can be exciting to get an increase in your line’s amount, it comes with the price of paying more interest on the extra money. Lines of credit are usually kept open for long amounts of time, and the process to open one can be time-consuming. There are very few lines of credit that don’t require a credit check, if any, so bad credit will likely be denied.

Payday loan

A payday loan is a short-term solution for financing that can be obtained quickly. Many payday loan providers can get you approved and get your money within a day, although some take a couple of days. This is an ideal solution for people who have an emergency situation and require additional funding fast. Payday loans always require a credit check, so you’ll need to have decent credit to get any money.

Payday loans typically come in small amounts. Anywhere from $50 to a couple thousand dollars is what can be expected, when you go to a payday loan provider. Payday loans are known for their extremely high interest rates, and if you take a long time to pay them back, you can be in over your head very quickly, depending on how much money you received. Unless you can pay your loan back within a few weeks, a payday loan is a risky choice for a loan option.

A title loan

A title loan is similar to a payday loan in that it takes a short amount of time to get, is a short-term loan, and is usually a smaller amount than a traditional loan. One of the major differences between payday loans, as well as traditional bank loans and lines of credit, is that there is no credit check required for a title loan. A title loan provider mostly only needs to know if you have a lien-free title, which will be used as collateral until your title loan is paid back. There are also fewer requirements than a traditional loan or line of credit from banks and credit unions and no verification documents needed, other than your title.

Title loans at Mid-South Title Loans in Memphis, Tennessee are under 30-day renewable contracts, in case you need additional time to pay back. We want you to pay the least amount of interest and are here to cover small gaps in financing. You can receive up to $2500 at one of our three Memphis, Tennessee locations, determined by your online application and your car’s value. The process to get your title loan can take as little as 20 minutes, and we’d love to inspect your car to determine its value for free at any time.

Get a Hassle-Free Car Title Loan at Memphis’ Mid-South Title Loans Today

If you find out that a title loan is the best option for you, we’d love to help you get your money quickly at any of our three Memphis, Tennessee locations. Our customers love that our process is simple, quick, and painless, in comparison to traditional loans, lines of credit, and payday loans. Pay the least amount of interest, enjoy no credit checks, and work with a lender you can trust at Mid-South Title Loans.

Want to get additional information or ask a question? Get in touch with us now by calling your nearby Mid-South Title Loans location, or you can send us a message online. Also, simply stop by a store today!

Proudly Serving Memphis, Tennessee & the Surrounding Cities

Mid-South Title Loans proudly provides car 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.

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Mid-South Offers Title Loans in Tennessee for Quick Cash

Loans in Tennessee for Quick Cash

Whether you’ve experienced a job loss or are simply having trouble making ends meet, when bills are due, there’s no time to waste. When you need quick cash to cover your bills or expenses in Tennessee, Mid-South Title Loans has the perfect option for you: our title loans.

There are so many benefits to getting a title loan at Mid-South in Memphis, Tennessee, but what really sets us apart from other lenders is how quickly you can get it: in as little as 20 minutes and on the same day that you apply.

We only ask for a few minimum requirements, so our process is simple and quick. Our customers love that they can get their bills or expenses paid off immediately and be free from their burden. Here’s how you can get quick cash at Mid-South Title Loans.

How to Get a Title Loan at Mid-South in Tennessee for Quick Cash

1. Decide how much money you need

When you get a title loan at Mid-South Title Loans in Tennessee, you can get between $150 and $2500. Since it’s a short-term loan, we keep the amounts smaller than traditional lenders, and it helps you to be able to pay it back quickly. Plus, you pay less interest. So when you’re ready to get a car title loan at one of our three Memphis, Tennessee title loans locations, it’s a good idea to get an idea of how much money you’d like to be lended.

2. Review the requirements

It’s important to know that you qualify for a car title loan. Even though we don’t have credit checks, which pleases many of our customers, we do have a few requirements. The most important is that you have a lien-free title in your name, issued within 80 miles of the Mid-South Title Loans location in Tennessee near you. This means your car has to be fully paid off.

In addition, your car that the title is for needs to be driveable, so that you can drive it to one of our Memphis, TN locations for an inspection, which helps us determine the amount we can loan you. Lastly, you’ll need to show us your proof of insurance and a valid photo ID or driver’s license that shows you are 18 or older.

3. Fill out an online application

Once you know you meet the minimum requirements, we’d love for your to fill out an online application. It is quick and can be done at your leisure, and you’ll give us simple, basic information like who you are, what your financial situation is like, and a few references. Since we don’t have requirements like a credit check, income verification, or housing verification, this is what we use to help understand your situation a little bit better.

4. Get your car inspected at your nearest Mid-South Title Loans location

We need you to bring in your car for an inspection, so one of our friendly professionals can determine its worth. This will help us decide how much money we can loan you. Even though this step is typically done after an application, we can inspect your car for free at any time. Come by your nearby Tennessee Mid-South Title Loans location to see if you and your car can get you the amount of money you want.

5. Get your title loan in exchange for your lien-free title

After we’ve seen your car, your application, and your required documents, we’ll be able to offer you an amount between $150 and $2500 to be paid back under a 30-day renewable contract. We’ll review your loan’s offer, terms, and conditions with you, and if you accept, we’ll write you a check, in exchange for your lien-free title. We’ll only hold your title in our office temporarily, until your loan is paid back in full.

6. Use your title loan however you need

After we’ve given you your check and you’ve signed off on everything, you’re free to use your title loan for whatever you need, however you need. You can cash it, deposit it, and do with it what you want. Our customers commonly use their title loan cash to pay for medical bills, car repairs, house expenses, or simply just basic needs that aren’t getting met. No matter why you’re temporarily in a money pinch, a title loan will take care of your short-term needs. We’re here to help give you the support you need to get back on your feet, and you can enjoy the loan we give you in whatever way suits you best.

7. Pay off your loan within the loan’s term or request an extension

Since the title loans at Mid-South Title Loans are under a 30-day renewable contract, you do have the option to request an extension, if you need more time. This typically means you’ll have to pay additional interest, though. Either way, we want you to pay off your title loan as quickly as possible, so that you don’t have it hanging over your head. Unlike a long-term loan, we don’t want you to keep paying additional interest.

Once your loan is paid off in full, come to your nearest Tennessee Mid-South location to get your title back. It’s that simple! Then if you ever need short-term loan help again, you know where to turn.

Get the Quick Cash You Need at Any of Our Memphis, TN Locations

Believe it or not, we can get you the money you need in as little as 20 minutes. Start the process now by filling out an application online or bringing your car by one of our locations for a free inspection. When you need money now, there is nowhere better to turn to than Mid-South Title Loans for a quick and easy process. Don’t waste your time at any other Tennessee banks, credit unions, or lenders.

If you have a question or want more information, get in touch with us now by calling your closest Tennessee Mid-South Title Loans location, sending us a message online, or stopping by your store today!

Proudly Serving Memphis, Tennessee & the Surrounding Areas

Mid-South Title Loans’ three Memphis locations proudly provide 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.

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Applying for a Car Title Loan in Tennessee? Here’s Our Easy Process

Car Title Loan in Tennessee

Are you looking for “car title loans in Tennessee” on Google, because you are in need of additional money?

Whether you’ve heard about the many benefits of car title loans over traditional loans and lines of credit, or you’re considering a car title loan, in addition to other loans or lines of credit, you’ll love the easy process to get a loan at Mid-South Title Loans in Memphis, Tennessee.

When you go to a bank or credit union to get a loan, you can expect the process to be lengthy. From gathering a plethora of verification documents, such as your pay stubs and housing verification, to waiting for approval after your credit is pulled, it can be frustrating playing the waiting game with the standard loan or credit card process.

To get quick cash, you want to come to a short-term lender like Mid-South Title Loans in Memphis, TN, because we only have a few minimum requirements. Plus, we can get you your money on the same day that you apply – in as little as 20 minutes! Here’s how it works to get a car title loan and quick cash at Mid-South Title Loans.

Our Easy Process to Get a Car Title Loan in Tennessee

1. Ensure you meet the minimum requirements

To get a car title loan at Mid-South Title Loans, you’ll first need a lien-free title, which is one that is debt free. Your car is paid off in full, and the title is issued in your name, within 80 miles of your nearest Mid-South Title Loans location. In addition, the car that your lien-free title is for needs to be driveable, so that you can bring it to your nearest Memphis Mid-South Title Loans location for an inspection to help us determine the amount of money we can loan you.

Plus, you’ll need a valid photo ID or driver’s license, showing that you are 18 or older, as well as proof of car insurance.

2. Fill out an application

When you are ready to apply for a car title loan at Mid-South Title Loans, your first action step is to fill out our application, which is easily done in the comfort of your home. The application gives us your basic information, like housing and employment, as well as a few references, if need be. We use this information to determine your repayment ability and budget, so that we ensure you don’t get in over your head with our simple short-term loans. We want you to be able to pay off your loan quickly, without much interest paid at all, and you can get your lien-free title back promptly.

3. Gather your required documents

Once you’ve filled out an online application, gather your required documents to bring to your nearest Memphis Mid-South Title Loans location. This includes your lien-free title, your photo ID or driver’s license, and your proof of car insurance.

4. Bring your car in for an inspection

We need you to drive your car to your nearest Memphis Mid-South Title Loans location for an inspection to give your car a valuation, which helps decide the amount that your car title loan will be. You can bring your car in for a free inspection at any time – not just after your application is filled out and you have your required documents.

5. Review and accept the loan and its terms, in exchange for your lien-free title (temporarily)

Once you’ve met with one of our friendly service professionals to review your application and your required documents, as well as inspect your car, we’ll give you an offer between $150 and $2500 in the form of a car title loan. Our car title loans are under 30-day renewable contracts, which we’ll go through with you. They are short-term, so that you won’t be paying us back for months and months. The renewable option allows you to extend your payback period, in case you need more time. It may require paying additional interest, but that may be worth it to you.

Once we’ve agreed on the loan amount and terms, we’ll give you a check for the loan amount that you can use however you wish. You can cash it immediately, put it in your bank account, and do with it whatever you please. Instead of waiting weeks for your money, you get it as soon as you need it with our car title loans. Once we’ve given you your check, we will ask for your lien-free title to hold, while your loan is in repayment.

6. Pay your loan back and promptly get your title back

While your loan is still outstanding, we will hold your title, but as soon as it is paid in full, we will happily provide your title back promptly, along with a thanks for working with us. We hope that you can pay it off quickly, because we want you to pay the least amount of interest possible and get your title back as quickly as possible. Then if you ever need us again, we’ll be here.

Get a Car Title Loan at Any of Our Three Memphis, TN Locations

No matter what nearby area you live in, we’re ready to help you get your car title loan today at any of our three Memphis, Tennessee title loans locations, in as little as 20 minutes. Start by filling out an application online or bringing your car by for a free inspection to get an estimate of the amount we can lend you. We look forward to giving you the money you need as quickly as you need it!

Want to get in touch with one of our friendly service professionals to ask a question? Call your nearby Mid-South Title Loans location, send a message through our website, or stop by one of our Memphis stores today!

Proudly Serving Memphis, Tennessee & the Surrounding Cities

Mid-South Title Loans proudly provides Tennessee customers with car title loans in 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.

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Find a Title Loan Near Me with 3 Convenient Memphis Locations

Find a Title Loan Near Me with 3 Convenient Memphis Locations

Have you been searching for a “title loan near me” and trying to decide which title loan provider is the perfect fit for you? Perhaps you’re just now learning about title loans as a loan option, and you’re wondering if a title loan is a good fit for you.

Whether you are also considering other loan options like a line of credit or a bank loan or you’re ready to get your title loan now, Mid-South Title Loans is a perfect short-term loan option with little requirements and hassle in Memphis, TN. The process to get a title loan is so simple that you can get the money you need on the same day that you apply and even in as little as 20 minutes.

Our customers love that they can get their money immediately, and they don’t have to wait around for document reviews, credit checks, and beyond that you typically have to when going to a bank or credit union. Traditional loans can take weeks, and we know you don’t have that kind of time.

When you are ready to get a title loan near you, come to one of our three convenient Memphis locations. Here’s what you need to do to get yours today.

How to Get a Title Loan Near Me at Any of Our Memphis Locations Today

Fill out an online application.

Our online application is simple to fill out and is the first step in getting the money you need, as soon as you need it. The application requires that you fill out basic information about yourself, such as your name, address, housing information, employment information, car information, and more. We use this information to help decide what your repayment capabilities are and to analyze your needs. It also helps us determine how much money we can loan you.

Locate your lien-free title.

A lien-free title is an essential component to getting a title loan near you at any of our Memphis Mid-South Title Loans locations. We use your lien-free title as collateral, while you are paying off your loan. As soon as your loan is paid off, we promptly give you your lien-free title back.

A lien-free title is one that is for a car that is completely paid off. You can’t owe any money on your car, or else it is not lien-free. In addition, we need the title to be in your name and issued within 80 miles of your Mid-South Title Loans location.

Gather your insurance information and photo ID or driver’s license.

In addition to your lien-free title and a filled out online application, we’ll need you to show us your current car insurance information and a valid photo ID or driver’s license, in order to get your title loan. Your valid photo ID or driver’s license needs to show us that you are 18 or older.

Drive your car (that your lien-free title is under) to the Memphis location near you with your title, insurance and photo ID in hand.

When you have filled out your online application and have gathered your required documents, you’ll next want to drive over your car to the Memphis Mid-South Title Loans location near you. You can also do this at any time for free to see what kind of money we can lend you.

We inspect your car thoroughly to determine it’s worth, and that’s it. We’ll use this information to determine how much money we can loan you, between $150 and $2500.

Discuss your loan offer and accept.

Once we’ve looked through your information and determined how much money we can loan you, we’ll write up your title loan and offer it to you. We’ll discuss all of your title loan’s terms and conditions with you thoroughly, so you’re not left in the dark about anything. Our loans are under a 30-day renewable contract, which is able to be renewed for an extension with additional fees, if necessary.

After all is discussed, you can choose to accept your offer, as well as the terms, and we’ll write up a check to you. In exchange for your check, we’ll temporarily keep your lien-free title, until your loan is paid off.

Pay your bills immediately with your money.

Once you have your money, you can do whatever you need to with it. You can cash it immediately for instant cash, or you can deposit it into your bank account. Our customers love that they get their money immediately, usually in the same day that they apply, and they can pay for their important expenses instantly. Whether it’s overdue bills, your mortgage or rent, home repairs, or something else, we love that we can provide you with money quickly to use, as soon as you need it.

Pay us back within the loan term or request to renew.

We make it easy to pay off your loan by keeping your loan term short. This way, you don’t rack up interest and end up not being able to pay us back quickly. From the beginning, we set you up for success, so that you can get back on your feet financially. If you do need more time to pay off your loan, we have an option to extend it with additional interest, but it may be worth it to you to get the extra time.

Get your title back and come back whenever you need short-term financial help again.

As soon as your loan is paid off, we’ll happily give you your title back, along with a thanks, and we’ll be here again for you, whenever you need us.

Find the Mid-South Title Loans Location Near You to Get Started

Which one of our Memphis area Mid-South Title Loans location is near you? Check out our three Memphis locations to locate the one nearest you, so you can get started getting the money you need. Also, bring your car by anytime for a free inspection to get a loan estimate.

No matter what you need the money for, any of our Mid-South Title Loans locations would love to help. We’ll get you the money you need in no time.

If you have a question or want to get in touch, call your closest Memphis Mid-South Title Loans location, send us a message through our website, or come by any of our locations today!

Proudly Serving Memphis, Tennessee & the Surrounding Areas

Mid-South Title Loans proudly provides title loans near you in 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.

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OUR LOCATIONS

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