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Pay For the Holidays with a Car Title Loan

HolidaysAs the holiday season comes to a close, it will be time to deal with paying for it all soon. All of those nice presents and holiday food and drink must be paid for at some time. Like many others, you decided to put all of your holiday spending on credit cards. Pretty soon the bills will come, and it will be time to settle up. The problem is, of course, you still don’t have the money. There is a solution, however.

A quick and easy way to clear that debt from your credit cards is to use a car title loan. A car title loan is a secured loan that is available to those who own a vehicle with a clear title. The vehicle must be paid off or, in some cases, almost paid completely. Since the loan is secured by the car title, there is no need for some of the more time-consuming elements required with bank loans.

A person can start the car title loan process by visiting a title loan company like Embassy Loans in Florida and filling out an application. Most title loan companies also offer customers the ability to fill out an application online. The process takes just a few minutes whether filled out in person or online.

Once the application is completed, the applicant is asked for some documentation. The applicant must prove his or her identity and residency. A driver’s license and a utility bill are normally used to meet these requirements. The applicant must also present the title to the vehicle. Embassy Loans, like other title loan companies, will verify that the title matches the vehicle being used as collateral.

When all of the paperwork is verified, the vehicle must be appraised for its value. This is an important step in the process as it determines how much money a person can borrow. After the car has been appraised, the terms of the loan and the loan agreement can be drawn up. Once the documents are finalized, the applicant signs them and receives his or her money.

The entire process from beginning to end usually takes anywhere from an hour. Many auto title loans are completed with the funds paid out the same day that the application was started. These loans are processed much faster because there are no credit checks. A car title loan is not based on credit; it is based on the value of the vehicle offered as collateral. As a result, they are easy to obtain and a great way for anyone to pay off the credit cards that they ran up during the holidays.



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.