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

BlogBlogThe Importance Of Paying Your Bills On Time

The Importance Of Paying Your Bills On Time

Paying on timeWhether it’s the beginning or the end of the month, your bills must be paid on time. Your most important bill is normally your rent or mortgage payment. Not paying your rent or mortgage is a surefire way to wind up without a place to live. Likewise, when you don’t pay your electric or water bills, those services can be turned off. What really hurts when you fail to pay your bills, though, is your credit history.

Your individual credit history is based upon a variety of factors, one of the most important of which is your ability to pay your bills on time. Each individual has a credit history and a credit score. When determining a credit score, the most important factors are paying bills on time and the amounts that are owed.

Poor credit histories are the result of not paying bills on time. The consequences can be dire. Attempting to borrow money to purchase a car or a home becomes very difficult with a poor credit history. In today’s age of tightened credit, banks and financial institutions are less likely to lend to those with poor credit scores. Someone with a poor credit score is viewed as a credit risk because they are seen as someone who does not pay their bills on time.

If you have trouble paying bills in certain months, there are some things that can be done to help. Car title loans are short-term loans that a person can use to help cover a rent or mortgage payment or other bills. Borrowers must own a vehicle that has a clear title. If you fit this scenario, you can use the car or truck as collateral for a loan.

Title loan companies, like Embassy Loans of Florida, will lend to individuals who have a vehicle with a clear title. Those looking for a loan can fill out an application in just a few minutes. They will have to present a few documents, including verification of their identity and residency as well as the title to the vehicle.

Once the vehicle’s value has been determined, the loan is finalized. The borrower can pick up his or her money and use it to meet their financial obligations. A car title loan can help someone to continue paying their bills on time and maintain their credit history. Paying off the car title loan will also help one’s credit score.



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.