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Need Money? Easily Qualify for a Car Title Loan

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If you are like most people in Florida, there will probably come a time where you need money, and you need money quickly. It can take days or weeks to get a payday loan and don’t even consider a loan from a bank unless you have weeks or months to wait. Instead, there is an easier option. You can get a car title loan. You don’t need a full time job and you don’t need to have good credit. You can qualify for a car title loan in Florida as long as you meet a few requirements.

You Must Own the Vehicle to Qualify

In order to qualify for a car title loan, one of the requirements that you will need to meet is that you will have to be the owner of the vehicle. This means that the car must be completely paid off and you must be listed as the owner on the title. If not, you will not qualify for this loan. Why must you own the vehicle? Because that is the only way you can sign over the title to the lender legally. Don’t worry, you will get it back once the loan is paid off!

Your Vehicle Must Be Worth a Certain Amount

Another requirement that will likely come into play when it comes to qualifying for a car title loan is the value of the vehicle. The money you can borrow with a car title loan is directly related to the value of the car. For example, a lender may have a policy of allowing borrowers to take up to 50% of the value of a car. If your car is worth $4,000, in that case, you could borrow up to $2,000.

You Must Be Able to Pay the Loan Back

Finally, in order to qualify, you will need to have a way to pay the loan back. It is important to understand, however, that this does not necessarily mean you need to have a job, you could pay back your loan in other ways, as well. Perhaps you receive some type of cash payments due to a settlement, am taking retirement payments or have another means of paying. As long as you can show that, you can qualify for a car title loan in Florida.



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.