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BlogBlogWhen Your Car Breaks Down, Use It To Get A Loan And Fix It

When Your Car Breaks Down, Use It To Get A Loan And Fix It

Car BreakdownIt seems like it always happens just when you need it the least. You are on your way to work when something goes wrong with your vehicle. It comes at a time of the month when you just don’t have the money to get it fixed. The vehicle, of course, is your means of transportation to and from your job, and you just cannot afford to not go to work either. What can you do?

Well when trying to borrow money from family or friends does not work out, there is always the car title loan to help bail you out. Car and truck owners who possess a clear title can use it to their advantage and get a loan. The vehicle must be paid for, or almost entirely paid for, and have no liens attached to it. If so, it is possible to obtain an auto title loan from a company such as Embassy Loans.

Embassy Loans is one of Florida’s largest and most well respected consumer finance companies. They have helped numerous customers with title loans. The process starts with the filling out of an application. Potential borrowers can go to one of the company’s branch offices or simply fill out an application online. The application is very basic and takes just a few minutes to complete.

Once finished, the applicant will have to present a few documents to the title loan company. They will have to prove their identity, where they live, and also present the title to the vehicle. Each of these will be checked by the title loan company. When they are all verified, the loan process can begin.

The next step is for the vehicle to be assessed for value. With a value established for the car or truck, the loan terms can be drawn up. Once the loan documents are finalized, the borrower will sign them and then receive his or her money.

The entire process will take somewhere between 24 and 48 hours with a majority of car title loans processed the same day in which they were started. A car title loan differs from more conventional loans from a bank in that there is no need for a credit check. The loan is secured by the title to the vehicle and is not based on a person’s credit score or credit history. A car title loan is easy to obtain and can help you out in a pinch when your car breaks down.



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.