(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogA Car Title Loan Can Help You Make That Large Purchase

A Car Title Loan Can Help You Make That Large Purchase

Large PurchaseDo you have a special occasion coming that may require some extra cash? Maybe you are getting married and need buy the perfect wedding dress or it’s your anniversary and you would like to buy a special gift for your better half. Whatever the reason, an auto title loan could help make that purchase a reality.

 

Car title loans are easy to obtain. Embassy Loans, one of Florida’s leading consumer finance companies, has helped thousands of customers since 2005. The company requires potential borrowers to fill out an application to begin the process. Applications can be filled out conveniently online or applicants can visit a local office and fill one out in person.

 

Once the application is complete, Embassy Loans asks for a few pieces of documentation, which is typical of title loan lenders. A potential borrower must prove his or her identity and residence as well as have a valid copy of their vehicle’s title. Lender’s verify a person’s identity, residency, and make sure that the title matches the vehicle being used as collateral.

 

Lenders will then evaluate an applicant’s vehicle and determine its value. Establishing a value for the vehicle is important since that value will determine how much money can be borrowed. Once the car’s value has been found, the loan can be finalized. The lender will figure out a repayment plan, a monthly payment, and issue the borrower the funds. It is a pretty simple process that usually takes less than 20 minutes. Many car title loans completed by Embassy Loans are completed the same day that they are started.

 

Title loans differ from conventional loans in that they are secured by a vehicle. Unsecured loans, like you would get at a bank or at a credit union, require much more paperwork and much more time to complete. There are background checks, employment verifications, and credit history reports to review. Lenders have to determine whether or not a person is a good candidate to repay a loan. It may take several weeks before a person is approved for a conventional bank loan.

 

A title loan allows a person to avoid all of those hassles and get access to money very quickly. Whatever the reason, someone with a clear title to a vehicle has the ability to borrow money and have it in hand within a day or two. If you are looking to make a large purchase, consider a car title loan to help out.



Embassy Loans is a leading provider of auto title loans since 2005

Get In Touch

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.

© 2024 · Embassy Loans · Site built by DMA

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.