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Back To School On A Budget

Back to SchoolAs the summer starts to fade, it will soon be back to school time, and parents everywhere will be scrambling to make sure their little ones are prepared with all of the necessary school supplies, clothes, and shoes for the new school year. The key to pulling off a successful back to school season is sticking to a budget. If not, it will be easy to overspend and find yourself struggling to pay the rest of the bills.

 

Back to school really starts several months earlier. With your monthly budget already in hand, you should have putting away some of your extra money into the back to school fund. With all of your bills paid, a portion of your excess funds were to be put into your fund that you will use for all of your back to school shopping.

 

Now, if you haven’t done so, there are some alternatives. You could take out a small loan to help with the added expense; however, a traditional bank loan might be difficult to obtain. For the back to school season, you may only need a few hundred dollars and, typically, banks tend to shy away from loaning such small amounts. Even if you found a bank or credit union willing to loan such a small amount, the approval process is long and daunting. Without an excellent credit history and stable employment, it is likely you would be denied.

 

Car title loans are a perfect option for this back to school scenario. You need a small amount of cash that you can access quickly. If you have a car or truck that has a clear title, you can qualify for an auto title loan. The vehicle must be paid for completely or, in some cases, almost entirely paid off and will serve as collateral for the loan.

 

Title loan companies like Embassy Loans of Florida make the process of obtaining a title loan very easy. There are no lengthy background checks or credit checks necessary. Applicants fill out an application, present a few forms of identification, and the terms of the loan are drawn up. The whole process normally takes between 24 and 48 hours and borrowers have access to the cash they need.

 

A car title loan can help you get through the back to school season. With your budget, make sure to adjust it so that you can pay off the title loan as quickly as possible.



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.