(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogWhere To Turn When You Have Money Problems

Where To Turn When You Have Money Problems

Money ProblemsAll too often, families and individuals find themselves in a financial situation that seems impossible. It may be the result of a medical emergency, a divorce, a car breaking down, or a home in need of repair. Whatever the situation, there are some alternatives when people run into money problems.

Use A Credit Card

If you are like most people, you will have at least one credit card that you keep in case of an emergency. If you have a car that is in desperate need of repair or a plumbing problem in your home, you could opt to put it on your emergency credit card. Just be sure to get it paid off as soon as possible.

Conventional Bank Loan

If you have the time, you could opt to borrow from your bank. You will have to go through a fairly lengthy process where the bank will carefully examine your entire financial history. If you are deemed a credit risk, you will be declined for a loan. Obtaining a conventional bank loan may take several weeks.

Payday Loans

Individuals with a steady job can always borrow against their paycheck. Payday loans are short-term loans that are normally taken out for smaller amounts of money. If you need a few hundred dollars and think you will be able to pay it back soon, this could be a good option.

Home Equity Loan/Second Mortgage

If you are a homeowner and have plenty of equity in your home, you can use that equity to borrow money. These types of loans are a little easier to obtain than a conventional loan but still require a background and credit check by the lender.

Car Title Loans

For those who own cars, there are car title loans. These are much easier to obtain than conventional bank loans since they are secured by collateral. For example, Embassy Loans of Florida has offered auto title loans to tens of thousands of satisfied customers. The process is easy. Applicants fill out an application, prove they own the car, present the title, have the car appraised, and soon after receive the payout of their loan. Since the loan is secured by the vehicle’s title, there is no need for credit and background checks. Car title loans are usually completed within an hour of filling out the application.

If you find yourself in the midst of a financial emergency, remember that there are several alternatives out there that can help.



Embassy Loans is a leading provider of auto title loans since 2005

Get In Touch

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.

© 2024 · Embassy Loans · Site built by DMA

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.