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Pay Your Medical Expenses With A Car Title Loan

Medical ExpensesAmong the biggest causes of financial disaster are unexpected illnesses, accidents, or injuries that can leave an individual or family with a mountain of expenses. The situation can be made even worse if that person is uninsured or under-insured. Even with insurance these days, medical bills can pile up and leave a family in dire financial straits.

When medical emergencies arise and the bills start to mount, there are a few options that a person may have available to them. Though there may be family or friends that can help with expenses, most often this is not the case. A loan from a bank or credit union is usually a much more viable option. However, with stricter lending guidelines nowadays, borrowing from your financial institution is not easy.

Among the easiest and most often overlooked methods of accessing emergency cash is through a car title loan. Auto title loans are secured loans in which an individual who owns a car outright can use it as collateral. Those who need emergency funds and own a car with a clear title can visit a title loan company such as Embassy Loans of Florida.

Potential borrowers can fill out an application at one of the conveniently located offices of Embassy Loans or they can visit the company’s website, www.embassyloans.com, and complete the application online. It takes just a few minutes to fill out the application and begin the loan process.

Once the application is completed, applicants will have to provide a few documents to Embassy Loans. The title to the vehicle, of course, is one document that will be needed as will a form of photo identification and proof of residency. When an applicant’s residency and identity have been confirmed, the car or truck that is being used as collateral must be inspected.

The car is looked over to make sure that it matches the title first. After that, the vehicle is assessed for its value. This is important as this appraisal will determine how much can be borrowed. With the vehicle appraised, the loan can then be finalized. At the end of the process the borrower will sign the final loan documents and receive the cash.

The entire process normally takes an hour to fully complete. On many occasions, a person can apply and receive the loan proceeds within a few hours. Once received, those proceeds can go towards those medical bills. For individuals or families that need quick cash to pay for an emergency medical procedure or an important prescription, a car title loan could be the answer to their problems.



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.