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BlogBlogHow To Pay For All The Things You Forgot When You Bought Your House

How To Pay For All The Things You Forgot When You Bought Your House

HomeYou’re a first time homebuyer and you put everything out on the table to get into this house. You were somehow able to secure a mortgage, and now it’s time to move in. You would love to enjoy your first month in your new home, but someone forgot to tell you about the deposit that you might need to have your electric service turned on. You may need a few new appliances, and Internet and cable service can add up to a major necessary expense. All of these seemingly small incidentals can build up, and when you have extended all of your credit, where do you turn?

 

For all of the small things that you forgot when you bought your house, there is a way out. Of course you can always borrow from the family, but to prove that you are truly independent and in control, consider a car title loan. The bank that just extended you a large amount of credit most likely will be unwilling to lend you more. So, if you have a vehicle with a clear title, use it to your advantage.

 

Car title loans use a vehicle as collateral in exchange for loaning smaller amounts of money. Normally an auto title loan is extended in amounts ranging from a few hundred dollars up to a few thousand dollars. The process of obtaining this type of loan is very easy. Potential borrowers will fill out an application first. At Embassy Loans, one of Florida’s leading title loan companies, applicants can fill out an application online or at one of the companies many convenient locations.

 

After the application is completed, applicants must verify their identity and residency and they must present the title to the vehicle. The vehicle must be inspected. Embassy Loans will check to make sure that the title matches the vehicle first and then will assess the vehicle’s value. Once a value has been determined, the final terms of the loan can be drawn up. The loan amount, length of the loan, and payment are all finalized. All that is left is for the borrower to pick up his or her cash.

 

The entire process is usually completed the same day the transaction is started. A car title loan is an easy way to access the cash you might need for all of those extras that you didn’t plan on when you bought your first house. Be sure to have a plan to get the title loan paid off as quickly as possible and enjoy your new home.



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.