(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogLayaways For The Holidays

Layaways For The Holidays

LayawayIt is almost that time of year again. The holidays can be both fun and stressful. One of the most common holiday stressors is finances. If you struggle to afford gifts for your family and friends, then just know that you are not alone. A great majority of people face this issue every year and even spend a lot of time and energy worrying about money when they should be enjoying the holidays.

You can take some of the stress out of the holidays by planning your gift purchases ahead of time. One way to make gifts more affordable is to consider layaways. Not every retailer offers this option and each retailer has their own terms for their layaway service. The basics are the same, however. With a layaway, a customer puts an initial amount of money down to hold a product in inventory for them. The customer then makes installment payments over the course of a certain period of time until the purchase amount is met. Once the purchase amount is met, the customer can pick up the product. It helps customers afford bigger ticket items and also ensures that the item will not be out of stock for them by the time they do have enough money to pay for it.

What to Consider with Any Layaway Program

There are some things to look out for when considering a layaway program. For starters, make sure that you understand all of the fees beforehand. Some retailers will charge a service fee or a small cancellation fee should you not be able to complete the layaway terms.

Another thing to keep in mind when considering a layaway program is the length of terms for the layaway. Again this term length varies from retailer to retailer. Typically the terms are for just a few months. That means that if the terms are for three months, then the customer has until the end of three months to pay off the item in full.

Finally, make sure that the item is actually available for layaway. Not all retailers will offer everything in their store for layaway. Some retailers will offer layaway only for big ticket items.

Layaways are not for everyone, since the costs can add up and your selections are often limited. If layaway doesn’t sound like it will solve your holiday cash problem, remember that auto title loans not only let you buy whatever you want, wherever you want, but you can also take longer to pay it off. Talk to the staff over at Embassy Loans today and get your holiday off to the right start.



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

Get In Touch

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.

© 2024 · Embassy Loans · Site built by DMA

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.