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BlogBlogYes, a Car Title Loan can Have Many Advantages

Yes, a Car Title Loan can Have Many Advantages

Car Title LoanYou may have heard that car title loans are a no-no, but honestly, that couldn’t be further from the truth. There are actually many advantages to car title loans and they are very safe. In Florida, these loans are regulated so you won’t have to worry about sleazy lenders taking you for a ride. One of the main advantages of a car title loan is the ease of obtaining a loan. Are they really that easy to get? You bet!

Because these loans are so easy to get, they are very attractive to people who may be having some financial problems…and actually, that is exactly who these loans are designed for. Lenders who offer car title loans don’t care about your credit score, nor do they can if you have a full time job. What they do care about is that you have a vehicle that you are willing to put up as collateral in order to get a loan. You will have to sign over the title of your vehicle to the lender, but that brings us to the second main advantage of getting a car title loan.

This second advantage is that you will still be able to use your vehicle, even though you have temporarily signed it over to a lender. This gives you the money you need to pay bills, travel, make home repairs or anything else you need a financial boost for.  These are secure loans, which means your loan is secured by something, in this case, your vehicle. The big trade off for giving up temporary ownership is a very fast loan with no credit check…you can literally have money in your pocket within hours.

As soon as your loan is paid back, ownership of your vehicle will be returned to you and you can drive off as if nothing ever happened. If you have bad credit and have not been able to get approved for loans in other ways, this may be the perfect opportunity to get the money you need without a big hassle. If you would like more information about getting a car title loan in Florida, contact Embassy Loans.



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.