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Title Loans Can Help Get Your Finances Back On Track

?????????????????????????????????????????????????????????????????????????????????????????If you are like one of the many thousands of households hit by the trying economic times of the past few years, there are some things that you can do to get a handle on your finances. Of course, it will take some discipline, but in the end it will be worth it. One of the easiest things you can do to wipe out some of your most expensive debt is to utilize the assistance of a car title loan. Title loans are easy to obtain and offer a quick source of cash.

 

By taking out a title loan, a borrower could use the funds to eliminate credit card debt or get caught up with mortgage or rent payments. Obtaining an auto title loan is relatively easy. A borrower must own a vehicle and hold a clear title. The car must be paid off or be very close to being paid in full.

 

Those looking to obtain this type of loan can find a company such as Embassy Loans of Florida and fill out an application. Embassy Loans allows applicants the option of an online application or filling one out at one of their convenient locations. The application takes a few minutes and when completed, the staff at Embassy Loans will begin processing it.

 

Unlike conventional loans, which require mounds of paperwork and tons of time, a car title loan is quick and easy to process. When the application is done, Embassy Loans will then require the applicant to verify his or her identity and residency. They will also need to see the title to the vehicle being used as collateral. When the borrower’s identity and residency has been verified, the car can be inspected. Embassy Loans will make sure that the title matches the vehicle and then will determine a value. The value of the vehicle is important since it will determine how much can be borrowed.

 

Embassy Loans will use one of several value estimators to come up with a number. Based upon that number, the loan can be finalized and a repayment schedule can be set. All that is left is for the borrower to pick up the money. The entire loan process, from starting the application to receiving the money, usually takes between 24 and 48 hours. That is much less time than the traditional bank loan. Those funds can then be utilized by the borrower to help get his or her finances 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.