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Title Loan Tips

Helpful TipsThere may come a time when your financial situation forces you to find emergency cash very quickly. One of the best ways to secure funds fast is through a car title loan. This type of loan is easy to obtain and can give you access to much needed cash to meet your financial obligations very quickly. Those looking to secure a car title loan must have a vehicle with a clear title. If you are considering a title loan, here are a few tips.

  • Do some research. You should take the time to learn as much as you can about car title loans and the variety of lenders that offer them. Find out what the requirements are and what the terms of the loan will be. Like other types of loans, you can shop different lenders looking for the best deal.
  • Always deal with a reputable lender. Embassy Loans in Florida, for example, is a licensed consumer finance company that specializes in auto equity loans. They have been in the business for almost a decade helping thousands of people in emergency situations.
  • Act quickly once the loan is secured. Use the emergency cash to get your finances back in order and then take measures to get the title loan paid off. Make small payments throughout the month to reduce the principal. In doing so, you will help to pay the loan off quicker.
  • Ask the lender about a lower interest rate. If you are in a dismal financial situation – you lost a job or are recently divorced, for example – tell the lender. Explain your situation and the lender may be inclined to offer you a loan with more beneficial loan terms, possibly a lower interest rate.
  • Research the value of your vehicle. Make sure you know what your car or truck is worth. This is very important because the amount of money that the lender can loan you is dependent upon the value of the vehicle.
  • Have a plan. Make sure you know exactly how much money you need to take care of your financial situation. Do the research on your vehicle. Do the research on lenders and make sure you have a plan for repaying your loan. You should know exactly how and when you are going to repay the loan.

By following these simple tips, you can ensure that a car title loan will help you through a difficult financial period in your life.



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.