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How Do Car Title Loans Work?

How Do Car Title Loans WorkFinancial emergencies are often impossible to plan for.  It can be difficult to foresee the job loss, illness, or expensive home or car repairs that may arise for anyone at any time.  Many financial planners encourage people to create an emergency fund with enough money to live off of for a few months in a financial emergency, but not everyone can set aside that amount of money.

 

Many Americans today are living paycheck to paycheck and depend on their daily routine not being interrupted in order to survive.  When interruptions do occur, financial problems can often be the result.  Many people become overwhelmed with stress or depression and are unable to even visualize getting out from under their financial strain at all.

 

Embassy Loans not only offers quick and easy solutions to financial emergencies, but their kind and compassionate staff understand how easy it is to get to the point where instant cash is needed.  They offer car title loans to anyone, regardless of their job situation or bad credit.  Simply owning a car is enough to apply and receive the cash, often in the same day.  But exactly how do car title loans work?

 

Apply.  Embassy Loans offers convenient online applications, which require a minimal amount of personal information including living arrangements and descriptions of the car.  Once the application is filled out, simply click ‘submit’ and the process has begun.

 

Documents.  Of course, the car title is necessary, because the car is being used as collateral for the loan.  This is why no credit check is required, because the car and insurance are all that is needed to complete the transaction.  Once these documents are provided, only one more step is needed before receiving the money.

 

Inspection.  Embassy Loans has inspection stations across Florida where their associates take a look at the car to make sure it matches the title.  Once the inspection is completed, it is time to walk away with both your car and the cash.  Many people receive their loan money the day they apply!

 

Embassy Loans makes the car title loan process easy by avoiding lengthy paperwork and approvals.  Whatever the financial strain a person is under, they can find a quick solution for it with Embassy Loans.  Everyone should be treated with the utmost respect and value that they deserve, and Embassy Loans displays this respect to every client no matter what their situation.



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.