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

BlogBlogSecure Cash Quickly With A Car Title Loan

Secure Cash Quickly With A Car Title Loan

Secure cash quicklyThere are several instances in which a person might need cash quickly. In many cases it is an emergency situation where there has been a layoff or a medical crisis. There may be bills that need paid and having the ability to access cash quickly would provide great relief. Borrowing money from friends and family is an option for some, but for those who aren’t willing to borrow from family or for whom that is not an option, car title loans provide another alternative.

 

Car title loans, while not quite as common as traditional bank loans, are much easier to obtain. People who hold a clear title to a vehicle that is paid for or almost completely paid for are eligible for a title loan. Potential borrowers can fill out an application with a lender such as Embassy Loans of Florida. Once the application is complete, the loan processing begins.

 

Embassy Loans, like most title loan companies, will require some documentation in order to process the loan. Applicants will have to verify their identities as well as their residence. They must have a clear title to the vehicle being offered as collateral. After verification, the lender can then go about assessing the vehicle.

 

At Embassy Loans, borrowers may visit one of 21 different inspection stations located around the state. The first step in assessing the vehicle is to make sure that the title and the vehicle match. Then, the car or truck will be assessed for its value. This is an important step in the process since it determines how much money can be borrowed.

 

Once a value for the vehicle has been determined, the loan can be finalized. The loan amount as well as the payment, interest rate, and other terms are drawn up in the loan agreement. The final step is for the borrower to sign the agreement and collect the money. In most cases, this process is completed within an hour, much quicker than attempting to borrow from a bank or credit union.

 

What speeds up the process of a car title loan is the absence of any lengthy background and credit checks. Since a title loan is secured with a vehicle as collateral, the need for examining credit reports and background checks is unnecessary. This eliminates a good deal of time in the processing of a loan.

 

The result is an opportunity for the average person to borrow money quickly and take care of a financial emergency. Car title loans are perfect for those who may not have the best credit, since credit history is not a primary factor in approving the loan.

 



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.