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How To Effectively Save Money

Save MoneyIn trying economic times, many people find themselves attempting to save money. However, there are many individuals that seem to have little in the form of luck when it comes to saving. There are a few simple tips that anyone can follow that will lead to increased savings at the end of each month.

Examine Where Your Money Is Going Each Month

You must first sit down and get an idea of where your money is going each month. You will have payments that must be made each and every month like your rent or mortgage and your utilities. Those come first and must be paid. There may be other payments such as credit cards, food, transportation, and more. Identify where the money is going and how much is being paid out.

Reduce/Remove Current Monthly Outlays

There are some monthly costs that you can control. For example, you can find a better cell phone plan or switch to a pre-paid plan and knock as much as $50 per month from your bill. In this age of cell phones, you can always get rid of your home phone and eliminate that expense. Look for better deals on car insurance and cut down on the number of meals out each month. All of these can help save you a few hundred dollars each month.

Use The Savings To Your Advantage

With the money that is saved each month, you can do several things. The proceeds could be used to pay down the balance of a credit card or some other form of debt. The money could be saved for a new vehicle or put away into a child’s college fund. You could also use some of the savings to reward yourself for becoming a great saver. Treat yourself and your loved ones to a night out or even a vacation. Be careful, though. The idea is to save, not spend, all of the money that you have saved.

In Case Of Outrageous Debt

If you are trying to reduce or eliminate an outrageous amount of debt, you might want to take out a car title loan. These types of loans can help you access cash very quickly. A car title loan from Embassy Loans of Florida, for example, can be processed in an hour. The proceeds from this short-term loan can be used to pay off a credit card with a large balance. Getting rid of that huge debt may help you save more effectively in the long run.



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.