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Your Best Loan Option In A Financial Emergency

Financial emergencyWhen faced with a dire financial situation, your options may be limited. You may not have the resources – friends and family – that can help to bail you out. You may try your bank or credit union for a loan, but for one reason or another that doesn’t work out. Luckily, there is an alternative – car title loans.

A car title loan is a short-term loan that involves using a vehicle as collateral. If you own a vehicle with a clear title, you can qualify. In today’s shaky financial times, many people are battling low credit scores and poor credit history. An auto title loan is a great alternative to conventional loans offered by banks and other financial institutions.

Car title loans are processed very quickly, unlike traditional loans. Going to the bank for a loan requires a good credit history. Even with good credit, it often takes 30 to 45 days until a borrower receives his or her money. In an emergency situation, you need cash quickly. A vehicle title loan can provide those funds often within hours of applying.

A car title loan from Embassy Loans of Florida, for example, can take as little as an hour to process and get an applicant his or her money. A prospective borrower must first fill out an application, which takes just a few minutes. After the application is complete, Embassy Loans will verify the applicant’s identity and residency.

The title to the vehicle being used as collateral is checked to ensure it matches the vehicle. The vehicle is inspected and assessed for its value. Once a value has been determined, the loan can be finalized. The final paperwork is drawn up, the documents are signed, and the borrower can receive those much-needed funds.

Most often, this entire process is completed the same day in which an application is started. Borrowers in need of quick cash get it. There is no waiting while a lender goes through mounds of paperwork to determine whether or not they are going to issue you a loan.

The speed of a car title loan makes it a great option when you find yourself faced with financial difficulty. Your credit history is not a factor as an auto title loan is secured by a vehicle. Examining a person’s credit history and other background is a big reason why traditional loans take so long. None of that is necessary when a borrower uses a car or truck as collateral.



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.