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Why You Need an Emergency Fund ASAP

Emergency CashIf you are like most people, you have probably heard that you should have an emergency fund set up…but most of us don’t. To many Floridians, it is hard enough to live pay check to pay check and adding that additional burden of saving for an emergency can be too much. However, you may want to find a way because you probably will need your emergency fund, or some type of money, in case something happens to you or your family.

Unexpected Expenses

One of the reasons that people choose to have an emergency fund is to deal with unexpected expenses. You never can tell when your hot water tank will go on the fritz or your car will need hundreds or thousands of dollars in repairs. This is why you should keep some money tucked away in a bank account or even locked away in your home.

Prepare for Setbacks

Another thing that your emergency fund can do is to help you to prepare for financial setbacks. Financial setbacks can come when things happen like unemployment, unexpected illness or accident and any number of other things. This fund can really be the difference between getting through a financial setback and the chance that you may be facing financial disaster.

Gives Peace of Mind

Finally, you will find that having an emergency fund will help you to have peace of mind. With an emergency fund, you will have the money put away that you may need in the future which will take pressure and stress off you, will help to minimize any strain on your family relationships and you can go into any situation knowing that you have a financial cushion that can help to soften the blow, in case anything unforeseen occurs.

Fortunately there is another route that you can take if you haven’t yet set up your emergency fund…you can get a car title loan. Embassy Loans is one of the leading companies in Florida for car title loans. They don’t care about your credit nor your employment status, they simply want to ensure that you get the money you need in the case of an emergency. For more information on car title loans and to see if you qualify, 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.