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Finding A Car Title Loan Company

Finding a companyCar title loans are becoming more popular these days as individuals search for alternative methods of borrowing money. Conventional loans are often too hard to obtain due to stringent lending requirements. The average person will find it much harder these days to borrow from a bank or credit union. Lending standards have changed as a result of the credit crunch of a few years ago. Car title loans have increased in popularity because the loans are much easier to obtain. Like any type of loan, borrowers should make sure they find the right lender.

How Car Title Loans Work

If you own a vehicle that is completely paid off and has a clear title, you are eligible for a car title loan. It is a secured loan where the vehicle is used as collateral. Just like conventional loans, there are many title loan companies. Embassy Loans of Florida, for example, has helped thousands of people obtain cash based upon the value of their vehicle. The process for obtaining a title loan is pretty easy.

Those interested and eligible fill out an application to begin the process. Applications take just a few minutes to complete. Applicants will be asked to verify their identity and their residency and must present the title to the vehicle. Embassy Loans, like other companies, will verify that the title matches the car. Then, the vehicle is appraised. The final loan documents are processed and the borrower can then receive the money. This whole process can take as little as a few hours and is normally completed within two days, much less time than conventional loans take to process.

Finding The Right Title Loan Company

When searching for a title loan company, look for referrals first. If anyone you know has taken out a car title loan, find out about their experience and if their lender would be a good choice. Do some research on different title loan companies. Look for those that are the most reputable. Read the testimonials of different companies to see what others think. You can also check to see if title loan companies are members of Yelp and Trust Spot. Make a list of all of the most reputable lenders and their pros and cons. Just like conventional lenders, title loan companies will make you different offers with different rates. Compare the offers of different companies and make a solid, well-informed decision.



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.