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What To Do When You Have Money Problems

Money ProblemsEvery household seems to encounter some form of financial difficulty at one time or another. In recent times with the economy not as strong as it once was, there seem to be more and more people struggling to make ends meet. Fortunately, there are alternatives available for those having money problems. Here are a few.

Conventional Loans

A loan from a bank or credit union can help solve some financial problems while a household gets back on its feet. The problem with a conventional loan is that it requires a good credit score as well as a history of paying bills on time. Many who are struggling have seen their credit histories suffer. For those who still have decent credit, a conventional loan can be an option.

Payday Loans

Payday loans are short-term loans that are issued against a borrower’s paycheck. A borrower needs to have a job. The loan is secured based on the borrower’s employment and next paycheck. If only a small amount of money is needed, a payday loan may help a borrower meet his or her financial obligations when finances are tight.

Car Title Loans

If you own a vehicle that is paid off, you can qualify for a car title loan. As long as the vehicle’s title is clean, you may borrow against it. Title loan companies like Embassy Loans of Florida will evaluate a vehicle and determine its value. Loans range from a few hundred dollars to a few thousand. There are no credit checks and the loans are processed within minutes. Auto title loans are a great source of fast cash.

Credit Counseling

Credit counseling services are available for those people who have difficulty managing their money. For people who run into financial problems, credit counseling can help them design and work within a budget to make sure they are meeting their financial obligations. While short-term loans can provide some immediate relief in an emergency financial situation, credit counseling can provide some long-term help.

Debt Settlement

Households with money problems usually have some debt that is contributing to those problems. Contacting those creditors and working out a debt settlement can help to reduce those monthly payments. A settlement can be worked out by calling a creditor directly or by having a third party, a debt settlement company, call and work out a deal. Either way, doing so can help to reduce a household’s monthly financial obligations.



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.