Title Loans Kingsport, Tennessee
When you have unexpected financial circumstance hit, it can be difficult to know how you are going to get the money to cover it. Those circumstances are exactly what car title loans are there for, though. When you get a title loan, you can get money in your account in just a few hours, and the loan application process only takes a few minutes. Your title loan quote is estimated instantly upon the application.
That is because title loans are designed to alleviate stress by allowing you to get money quickly. These short term loans use your vehicle’s title as collateral for the amount you borrow, letting you get cash faster because the value of your loan is secured by the value of your car.
Of course, you don’t give up the car, itself, when you borrow. Instead, your lender simply hangs onto the car’s title paperwork while you borrow. Then, once you have paid your loan back in full, your title comes right back to you without hesitation. Repayment is usually a one to three month process, and borrower typically get between a few hundred and a few thousand from their loan. These small, short term loans let you cover your most immediate expenses while you make longer term financial plans.
The Tennessee Title Loan Basics
Even though car title loans are designed to be easy to get and easy to use, it is still important that you understand some things about how title loans work and what will be expected of you as a borrower. Before you get a title loan, you should first know what kind of lender you are working with.
The easiest way to take care of that is to make sure you are working with a properly licensed and registered Tennessee title lender. Most lenders are committed to keeping their borrowers safe and happy, and readily adopt practices and regulations that promote this. Working with a licensed lender is a simple way of making sure that you are working with a lender who puts their borrowers first, rather than a loan shark posing as a legitimate lender.
Once you feel comfortable with your lender, check out your loan to make sure it is going to meet your needs as a borrower. Before you get a loan, you should receive a written copy of your loan agreement that details all the terms of your borrowing. Read over this agreement closely, and ask about anything that you do not understand. You should also make sure your agreement contains specific language regarding:
- How much you will be able to borrow
- What interest rate will be assessed to your loan
- What other fees will be included in your loan
- When repayment will be due
This information should all be made available to you before you borrow. If you find yourself working with a lender that tries to lock you into a loan without disclosing the terms, or if you think a lender has abused your rights as a borrower in any way, report them immediately to the Consumer Financial Protection Bureau.
If you ever want help figuring out if a loan is right for you, or if you need assistance finding a loan that works for your borrowing needs, give our team a call. When it comes to Tennessee title loans, Kingsport borrowers deserve only the best, and we know where to find all of the best lenders.
We will work with you to find a loan that is not only from a reliable source, but that is also customized to meet your unique borrowing needs. We will also make sure we have answered any and all questions you have about your specific loan, as well as title lending in general. All you have to do is give us a call.