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How To Get Help Paying For College

CollegeIf you are a college student, you are probably aware that there are numerous student loan programs available to help you pay for your education. But what happens when all of your grants, scholarships, and loans do not cover the entire cost of going to school? When you need a few thousand dollars more to make it through the school year, there is an answer – a car title loan.

A car title loan is a short-term loan that is taken out against the value of a vehicle that you own. You must own a car or truck that is paid off, or nearly paid off, and you must have a clear title. If you do, you can access quick cash that you can use to take care of those miscellaneous expenses that your student loans and grants do not cover.

Obtaining a car title loan is fairly easy. You can visit a title loan company, like Embassy Loans of Florida, in person and fill out an application. These days, many title loan companies offer applications that can be filled out online. Most applications take just a few minutes to fill out.

Once the application is complete, the lender will ask to verify your identity and where you live. A form of photo identification, like a driver’s license, can be presented to verify identity. A copy of a utility bill works best to prove your residency.

You must present the title to the vehicle to the lender. The lender will examine the title to make sure it matches the vehicle and that it is free of any liens. Embassy Loans will then assess the vehicle for its value. The company has over 30 different inspection stations around the state of Florida where prospective borrowers can take their vehicle for assessment.

When the vehicle’s value has been determined, the loan can be finalized. The final documents are drawn up and signed. All that is left is for the borrower to pick up his or her money. This entire process can take as little as a few hours, far less time than a traditional loan from a bank.

The proceeds of the loan can then be used for any tuition not covered by your student loans and grants. Some schools may not let you start classes until the tuition is fully paid. You can use the money for books, travel expenses, housing, and other college expenses. That can be a big help when you need money quick for college.



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.