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Death, Finances, And Car Title Loans

FuneralMost people are familiar with the old adage that death and taxes cannot be avoided. Along with the stress of the loss of a loved one comes dealing with the finances of the final arrangements as well as the estate of the deceased. The funeral and burial arrangements usually fall on the surviving spouse, if there is one, or another close relative.

 

If these arrangements have not been prepaid, the surviving spouse and family members will have to deal with the financial stress of taking care of them. Without the financial means to do so, paying for funeral and burials costs can be a huge burden. Luckily, there are some alternatives. Families in need of quick cash for funeral or other legal expenses related to the death of a family member can get help with an auto title loan.

 

Family members that own a vehicle that has a clear title can qualify. They can visit a title lender such as Embassy Loans of Florida and fill out an application to get the process started. Embassy Loans will have to verify the applicant’s identity and residence. Once the application process is completed, applicants must have their car inspected. They can visit any one of the 21 different inspection stations around the state.

 

Embassy Loans will first verify that the vehicle matches the title, which must be presented. Then, the vehicle will be assessed for its value. With a value established, the loan can be finalized. Once the loan agreement is set, all that is left is for the borrower to pick up his or her money. The entire process from application to receiving the money will usually take between 24 and 48 hours. Many times, vehicle title loans are completed the same day that they were started.

 

An auto title loan offers access to quick cash unlike the traditional bank or credit union loan. Since the loan is secured by a vehicle, there are no lengthy background or credit checks. Those individuals with bad credit histories do not have to worry. Even those who are unemployed can qualify for a car title loan.

 

Surviving family members who are in a bind after a loved one passes can utilize a car title loan to help them get through a very difficult situation. They can use the funds as they wish and pay off funeral expenses, burial expenses, and even legal fees if necessary.



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.