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

BlogBlogDos and Don’ts of Getting a Title Loan

Dos and Don’ts of Getting a Title Loan

dos and donts

An auto title loan can be a great solution for many different types of financial challenges, including job loss, unexpected medical bills, education expenses, and much more. When acquiring a personal loan, there are some dos and don’ts to keep in mind to ensure that your experience is satisfactory, helpful, and moves you toward meeting your financial goals.

Do Check Your Credit Report.

You do not need good credit to get a title loan from Embassy Loans. However, checking your credit report is a good first step to getting your finances back in order. Seeing your report for yourself gives you the opportunity to correct any errors that may exist because of inaccurate reporting. Additionally, if you do have derogatory items on your report, this gives you a chance to see exactly what they are and make a plan for getting them paid off and begin repairing your credit.

Do Choose a Reputable Title Loan Company.

Look for a title loan company that is experienced in providing loans and one that will answer all of your questions and treat you with the respect you deserve. You should choose a title loan company that is highly rated with trust sources like yelp and trust spot and one with many satisfied customers. Embassy Loans is a licensed consumer finance company with a great reputation for over 10 years with a simple and quick application and loan process.

Do Ask Questions.

If you have any questions at all during any part of the application or loan process, be sure to ask a representative from the title loan company. Embassy Loans has friendly, professional associates on hand to answer any questions you may have, because we are committed to helping you get a quality loan that will help you meet your financial goals, not hurt them.

Don’t Choose a Loan Solely Based on Rates.

The interest rate is just one factor involved in choosing a title loan. While it can be tempting to just pick the one with the lowest rate, this could be a mistake. Instead, look at all the relevant factors, such as the speed with which your application is processed, how simple the company makes it for you to get the loan, how you are treated by the company, how seriously they take your privacy, whether payment options are convenient, and whether there is a penalty for paying off the loan early, to name a few.

Don’t Get Complacent.

A title loan is an effective and important step in resurrecting ailing finances, but only if you make a plan for adhering to a budget and work to stick to the plan. Embassy Loans is committed to helping you get back on your feet by meeting those urgent expenses now, and you can make sure your finances stay in order by continuing to maintain a workable budget over time.

Work your loan payment into your budget, and don’t increase your burden by spending thoughtlessly. Embassy Loans wants to see you get where you want to be; that’s why they work with you every step of the way, answer all of your questions, and charge no penalty for early pay off of your loan – potentially saving you even more money on interest for the days your loan is not outstanding.



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.