It could be assumed that practically all people have come across the situation where they must utilize some funds but the needed amount is not available to them then. Examples include when a loved one needs to be hospitalized, when one forgot about a bill that has to be paid, or when an unexpected opportunity for a business suddenly shows up. The problem with typical sources of funds, such as banks, is that they usually require a long time to release the cash and by then the funds would be of no use. This is among the reasons why the car title loans in Memphis have been conceived since the funds could be in the hands of the borrower in a day. A significant facilitator is the fact that a credit assessment is not necessary. The principal requirements are the vehicle title and a way to identify the borrower. The lender could be able to issue the money after ascertaining the market value of the automobile.