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BlogBlogPaying For Car Repairs When You Don’t Have The Money

Paying For Car Repairs When You Don’t Have The Money

Car Needing RepairsIt is one of everyone’s worst nightmares. You are on your way to work and you end up stranded in the middle of a highway with a car that will not move. You are late for work and you go to the driveway and try to start up the vehicle, but it won’t start. Car troubles will ruin anyone’s day. Not only does it screw up your work day, but it also will require you to lay out hundreds of dollars to get it fixed. Most likely, it’s hundreds of dollars that you do not have.

So, how does one pay for car repairs without actually having the money? Well, fixing that vehicle is necessary because it helps you earn your source of income and you cannot lose your job. If you have a clear title for the vehicle, it can help you find the money to pay for it and help you keep that job.

With a clear title, you can do a car title loan. You offer the vehicle as collateral for a loan, which will allow you to pay for the repairs and get the car back on the road. Embassy Loans is a great example of a company that offers vehicle title loans. They will assess the value of the vehicle, which is easy these days with online value estimators. You will show them the title to the vehicle along with a form of photo identification and they can begin processing your loan.

The process is very easy, and once you have filled out your application, Embassy Loans will usually have your funds ready for you within an hour. Unlike personal loans from a bank or credit union, a car title loan does not require any lengthy background or credit history checks. There is no unnecessary paperwork that needs filled out. This speeds up the processing time allowing you to get your hands on the funds that you need.

An auto title loan works out for the borrower who gets the cash needed to pay for the car’s repairs. The borrower keeps the car and maintains ownership of the vehicle. Car title loans from Embassy Loans offer low monthly payments. Borrowers will have the loan repaid in a period of 12 to 18 months. The loan can be paid off early as there are no prepayment penalties. When you find yourself in an emergency situation, consider a vehicle title loan to help you get back on track.



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.