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Get A Loan With Minimal Effort

It seems like every time you want to borrow money you are faced with a tremendous hassle. Financial institutions want your credit history, your employment history, and an in-depth background check before they will agree to lend money to anyone. Sure, banks and credit unions must be wary of those who they lend for they do not want anyone to default. But does there have to be so much paperwork and so much time involved to obtain a loan?

 

Well, there doesn’t for those who may be able to qualify for a car title loan. Those who own a vehicle with a clear title, or one that is almost entirely paid off, can borrow against the value of their car or truck. With the vehicle serving as collateral, the auto title loan process is much different and less frustrating, than that of a traditional bank loan.

 

At Embassy Loans of Florida, for example, prospective borrowers fill out an application to start the process. They may fill it out online or stop in at any of Embassy Loans convenient locations. Once the application is complete, the individual will need to prove his or her identity and residence. A form of photo identification is needed along with the title to the vehicle and something such as a utility bill to prove residency.

 

Next, Embassy Loans will need to inspect the vehicle. The inspection includes matching the title to the vehicle and then assessing its value. This is a very important part of the process. Borrowers must take the vehicle to one of Embassy Loans’ inspection stations where a value will be calculated. This is important because the value of the vehicle will determine how much can be borrowed.

 

Once the value of the car or truck has been determined, Embassy Loans will complete the loan processing and all that is left is for the borrower to pick up his or her money. The entire loan process from beginning to end normally takes between 24 and 48 hours. Many of the company’s loans are completed the same day they were started.

 

A title loan does not require a background check or an employment history. There is no need for a credit check either, since the vehicle serves as collateral. Because these items are not necessary, there are no stacks of paperwork, no phone calls, and no collection of mounds of data on the borrower. The process is much more streamlined and does not take much effort on the part of the borrower.



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.