woman getting a flexible line of credit loan

What Do I Need To Get Flexible Line Of Credit Loans?

Flexible line of credit loans are, well, flexible. Their flexibility makes them an option for individuals who need emergency cash but aren’t sure how much it will cost to cover the expenses. With flex loans, you get a lot of flexibility and freedom to keep you financially sound whenever unforeseen situations pop up.

Of course, you must qualify for flexible line of credit loans first. In order to do so, you have to meet certain requirements. The exact requirements of flex loans differ from location to location. At Tennessee Title Loans, Inc., we have a few requirements, all are easy and fast. If you meet them, you will qualify.

Here’s What You Need To Get Flexible Line Of Credit Loans

1. Driver’s License

The first thing you will need for any loan type is your driver’s license. Your driver’s license or state-issued I.D. confirms your identity and age. In Tennessee, you must be at least 18 years or older in order to qualify for loans. Your driver’s license will prove you are eligible.

No matter which loan type you apply for at our location, you will be required to show your driver’s license. Likewise, you will need your driver’s license at any legal lender. In other words, there’s no way around this requirement.

2. Lien-Free Title To Your Vehicle

The next thing you need to qualify for flexible line of credit loans, also known as a flex loan in TN, is a lien-free title to your vehicle. The title is what proves that you own your vehicle. This title is used as a form of collateral to ensure that you pay back the loan.

Make sure that the title is lien-free. Lien-free titles do not have any debts or warrants against them. More so, the title needs to be in your legal name. If the title is not lien-free or in your name, it will not work for this loan type.

3. Proof Of Income

In addition to your lien-free title, you’ll need proof of income. The proof of income is used to determine how much money you can be loaned. You can use your pay stub as your proof of income.

paycheck required for flexible line of credit loans

If you have a non-traditional source of income, such as alimony or disability, you may still be eligible for one of these loan types, but you’ll need to talk to one of our representatives to confirm that this proof of income is accepted before applying.

4. Vehicle For Inspection

The last thing you need to qualify for flex loans is your vehicle for a quick inspection. This vehicle inspection will determine the value of your vehicle. You can only be loaned as much as your vehicle is worth, or else the collateral does not cover the entire loan.

Tennessee Title Loans, Inc. makes it easy to get your vehicle inspected. We perform the inspection for you. You also don’t have to worry about your vehicle being taken away at this point. It is fast and easy so we can get you on the way to getting your flex loan, and you will also get to drive away with your vehicle.

How To Get Started

If you meet the requirements above, you are eligible for flex loans from Tennessee Title Loans, Inc. The only thing left to do is to begin applying. You can get started by filling out the inquiry form on our homepage. This form is not the actual application, but it will get you in contact with our closest storefront locations so we can get started.

As soon as you click submit, a representative will give you a call and set up a time to apply. Make sure to answer this phone call because you will not be able to apply for flex loans until you set up the appointment.

How To Apply

At the time of your appointment, bring all of your required items. During this meeting, you will formally apply for flex loans. This application includes filling out paperwork and allowing for your vehicle to be inspected. This in-person process can go as fast as 30 minutes. If approved, you can get up to $4000 and get that money as soon as the same day or the next.

customer signing a flex loan agreement in Tennessee

Get Your Flexible Line Of Credit Loans Today!

If you’re interested in flexible line of credit loans, all you need to get approved at Tennessee Title Loans, Inc. is your driver’s license, lien-free title, proof of income, and your vehicle for inspection. If you have these four items, you are ready to go.

Begin applying for online flex loans in TN today by filling out the inquiry on our Home Page. One of our representatives will give you a call back to set up an appointment and help you get your loan money soon. We look forward to speaking with 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.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.