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BlogBlogThinking About a Car Title Loan? Here are the Advantages

Thinking About a Car Title Loan? Here are the Advantages

Getting Money From Your CarWhen you need money in Florida, you have several choices.  Most people will choose to get a loan. There are many types of short term loans that are available in the area and one of these, a car title loan, may be the best choice for you. There are a variety of advantages when it comes to car title loans and may even be the only option for those who have less than perfect credit. Why? Because car title loan lenders generally don’t care about your credit status. They only care that you have a car that has value and that you have a way to pay back your loan.

You will find many other benefits when you choose a car title loan over other types of loans as well. For example, one such benefit is that they usually have lower rates than other short term loans, including pay day loans. Lenders will generally give you a lower rate because the loan is virtually guaranteed by the value of your car. Because these loans are less risky to the lender, they are more affordable to you.

Another benefit that people find when they choose car title loans over other types of loans is that they will be able to take a larger amount of money with this type of loan than with other loans. For example, with a pay day loan, you may only be able to take $300. However, with a car title loan, you can get up to $10,000…and that can really help in many situations. You can also use this money for anything, which is an added advantage.

Finally, you will find that you can get this money very quickly, in most cases, in the same day. All it takes to get your money is a few quick steps. You will need to fill out an application, present your documents, get an inspection, and the money will be yours.  All in all, this takes a matter of hours.

As you can see, when you need money, an auto title loan can be a great choice. Give us a call or fill out the form above, and you will be on your way.  For loans made easy, Embassy Loans is the leader.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.