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How to Fix Your Credit Report

Improved CreditIf you have attempted to borrow money to buy a home or a car and have run into difficulty because of your credit score, there are some things that you can do to improve upon it. While there is no quick-fix, you can repair your credit report and, ultimately, your score by following these tips. Remember, repairing your credit is a lot like losing weight: it takes time and willpower.

  1. Analyze your credit report first. Obtain a free copy and check it for any errors. Make sure that your name, social security number, and address history is accurate. Look for items on your credit report that may not be yours. For example, if you have a parent or relative with a similar name, you may find items that are actually theirs on your credit report. Also, make sure there are no incorrect late payments listed. If there are errors on your report, you can dispute them by contacting the credit bureau and reporting agency.
  2. Establish payment schedules and reminders. One of the biggest factors in determining your credit score is simply how well you pay your bills on time. Those who pay their bills on time are rewarded with higher credit scores. You should consider enrolling in automatic bill payment plans, if possible. This way, you will not forget to pay a bill. You can also set payment reminders so that you do not miss a deadline.
  3. Reduce the amount of debt that you owe. If you have several open credit cards with balances, choose those that have the smallest balances and get them paid off as quickly as possible. Eliminate using these credit cards as well. You can also identify your credit cards with the highest interest and get those paid off. Reducing the amount of your debt takes time but will ultimately lead to a higher credit score.
  4. Open a new account and pay it off on time. Some credit scores are low just because a person doesn’t have a sufficient credit history. If this is the case, consider something like a car title loan. If you have a clear title for your vehicle, you can borrow against it. The loans are short term and your credit score is irrelevant. Repay the loan quickly and watch the positive impact that it has on your credit score.

These are just a few tips that one can follow to help repair a damaged credit history. In order to do so, one must be patient and diligent. In the end, having a higher credit score will be worth it.



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.