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How to Fight Financial Stress and Anxiety

StressEven individuals who plan carefully for every possible scenario can be taken by surprise when unexpected financial emergencies occur.  There are ways to save and prepare for these situations, but sometimes financial problems are unavoidable, and they are often accompanied by overwhelming negative emotions such as fear and stress. Some of the most common sources of financial stress are illness and job loss, and people in these situations often find themselves feeling very alone in their problems.

 

In fact, financial issues are frequently the root cause of problems like stress, anxiety, or even depression.    People with high credit card debt or an ever-mounting pile of bills often feel too stressed to be able to solve their financial problems on their own.  Finances affect everything, from lifestyle to emotional stability, and it is important to react to a financial crisis calmly and without letting emotion get in the way of making sound decisions.

 

1.  Pause. 

Do not allow panic to take over; instead stay focused on each individual task that is needed.  Do not let the big picture become overwhelming; instead, take time to celebrate even the smallest of victories.  Every time a bill is paid, make sure to acknowledge the positive financial moment!

 

2.  Make a plan. 

It is important to maintain a clear head and take stock of the situation.  Taking charge in this way is a great stress-reducer because it allows individuals to feel in control instead of powerless.  Aim for efficiency with the new financial plan, and then commit to it wholeheartedly.  Look for new ways to save money like taking a walk instead of hitting the gym, cooking dinner at home as a family instead of ordering out, or playing a game instead of going to see a movie.

 

3.  Get help. 

Sometimes anxiety is rooted in the embarrassment people may feel when asking for help.  A financial planner can be a good way to get professional advice about a specific situation.  Another option is to relieve immediate stress by getting a short term loan like a car title loan.  Look for a loan company who is supportive and friendly, like Embassy Loans.  Their team provides a compassionate and understanding environment in which people can express their concerns and a way to get the cash they need immediately.

 

4.  Release.

Speaking with a counselor can sometimes be the best way to really address where the stress and anxiety are coming from, and how to manage them.  Being able to recognize and adjust harmful financial behaviors is one of the best ways to reduce stress while also changing a financial situation for the better.



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.