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Online Car Title Loans

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????With the recession that hit the country in 2008, many have suffered through some serious financial troubles. Layoffs, dwindling savings, and more have turned many households upside down. In the effort to meet monthly financial obligations, many families have been searching for alternatives that can help. One such alternative for just about anyone is an online title loan.

 

Title loans are a unique financial instrument that can help a household through a short-term financial emergency. Embassy Loans of Florida, for example, offers a loan against the value of one’s vehicle. If a person has a vehicle with a clear title, he or she can obtain a title loan. This is different from the traditional loan offered by a bank or credit union. In the case of a car title loan, the car is offered as collateral.

 

A traditional loan requires credit checks, employment verifications, and even background checks in order to ensure that a borrower has the means with which to repay the loan. The result is a timely process with stacks of paperwork. Car title loans require much less paperwork and can be processed within an hour.

 

A vehicle title loan can be obtained online. At Embassy Loans, a borrower can go online and fill out the company’s application. The process is simple and the staff at the company is always available to help. Once the application is filled, Embassy Loans does require that a borrower prove his or her identity and residency. The borrower will visit one of the company’s many convenient locations and bring a photo ID, a utility bill (to prove residency), and the title to the vehicle.

 

Embassy Loans will make sure that the title being held is indeed the title to the vehicle being presented as collateral. The company will then assess the value of the vehicle and then complete the loan process. A borrower can have access to the emergency funds within a few hours. On many occasions, an auto title loan can be started and finished the same day.

 

Online title loans, while not as common as conventional loans, have been rising in popularity in the last decade primarily due to the changes in our economy. More and more consumers are struggling with poor credit histories and, as a result, are unable to use traditional borrowing mechanisms. Anyone with a vehicle with a clear title can qualify for a title loan, regardless of credit history.



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.