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BlogBlogWhy A Car Title Loan Is Right For You

Why A Car Title Loan Is Right For You

Cash NowIf you are one of the many Americans living from paycheck to paycheck, you know how frustrating it can be to come up short when trying to meet your monthly financial obligations. Each month tends to be a struggle and then something even worse happens. You or a spouse or roommate loses a job. Your car breaks down. You encounter a medical emergency or an electrical or plumbing emergency in your home that needs immediate attention. If any of these situations apply to you and you own a car with a clear title, a car title loan may be right for you.

Vehicle title loans, like those offered in Florida by Embassy Loans, are a genuinely fast source of emergency funds. When a major financial problem exists, a person can obtain a title loan in a matter of an hour maximum. This type of loan differs from the more traditional bank or financial institution loans since they are secured by a piece of collateral – a vehicle. This allows the lender to avoid some of the more typical practices in the loan process.

With a traditional loan, borrowers would visit a bank or credit union and fill out an application to begin the process. The lender would then examine, very carefully, the borrower’s credit and job history. The loan may require a co-signer or other conditions as determined by the lender. The process is slow, tedious and, often, loans are not approved if there are any questionable issues.

With car title loans, the lender will examine the borrower’s vehicle and determine if it is worth at least the amount that a person is looking to borrow. This process is pretty quick as online calculators are available to help a lender determine a car’s value. Lenders will need a piece of photo identification, the vehicle’s title, and will ask you to fill out an application.

Once the car’s value is determined, the lender can begin to work out the terms of the loan. No credit check is necessary nor is a background check because the loan is secured with the vehicle. Since these procedures are eliminated, the loan can be processed rather quickly and borrowers can receive their funds as soon as the loan is completed, normally within 24 hours. For those with less than great credit history and in need of cash in a hurry, vehicle title loans are the perfect answer to your problems.



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.