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How to Quickly Boost Your Credit Score

Credit RatingsYour credit score is the most important financial number you need to know. A good credit score can save you thousands of dollars in interest. The problem is that not everyone is fortunate enough to have a great credit score. Things happen, and sometimes circumstances are out of our control. Having a bad credit score is not the end of the world though. There are ways to increase your credit score, and it does not always have to take a long time to do so either. There are a few ways to quickly boost your credit score.

Get a Credit Report

The first step is to obtain your credit report. You can get one free credit report each year from the credit reporting bureaus. Once you get your credit report, take the time to carefully look over it and make sure that there are not any errors. If there are errors then be sure to call the credit reporting bureau to have the error corrected.

Know Your Limits

If you have a credit card, then check to see if you are eligible for an increased credit limit. If you do get approved, then do not use this additional credit. Having unused credit reflects positively (almost immediately) on your credit score.

On the flip side, if you do have a little extra money then go ahead and take that extra money to pay down the debt some. Start with the highest interest rate loan or credit, and pay that off first. Once that debt is paid off then work your way down to the next highest interest rate loan or credit.

Split your monthly payments in two. Make a payment halfway through your credit card billing cycle and then make the final payment on the due date. You will end up paying off more interest faster without actually spending any more money.

Move Interest Around

Move high interest loans or credit account balances to lower interest loans or credit card balances. Most credit card companies allow for balance transfers from other credit accounts. You might find that one account is a few percent less in interest than another. Just a few percents can mean a lot of savings over the long haul.

For the most part, rebuilding your credit does take time. Your credit score is based over a long credit history. That doesn’t mean that you can’t make improvements immediately though, and Embassy Loans can help. We are one of the few title loan companies that report your prompt payments to the credit bureau for you. Fast cash while you improve your credit is a great deal! Give us a call today.



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.