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Saving For Retirement

DrivingMyCarIt is going to come. Everyone will face the day when they will retire from whatever it is they do. For many, the day may be sooner rather than later. Realizing that the time is coming, it is important to take the steps necessary to be able to live comfortably after retirement. There are a number of steps one can take to help improve your current situation. Here are a few.

 

  • Plan – The most important thing you can do is sit down and work out a plan. You are going to need to think about how much money you will need each month in order to survive. Consider all of your assets as well as your debt. While it may be hard to forecast the future, you need a general idea of what to plan for in retirement.
  • Contribute to retirement plans – Most employers offer some form of retirement plan. Many will even match any contributions that individuals make. This is basically free money that you can use to your advantage. Invest a set amount each month and, when possible, invest a little extra. It will pay off in the long run.
  • Pay off your house and cars – For most individuals and families, a mortgage payment is their largest monthly payment. The second biggest payment is usually a vehicle. Households that do not have these payments have a certain amount of money freed up with which to do all sorts of things. One is extra contributions to your retirement.
  • Diversify your portfolio. Fight off the urge to put all of your funds into one investment. Diversify and reduce the risk in one area in case a problem arises. For example, do not invest solely in stocks. Your portfolio should be able to continue to grow and withstand downturns in the market.

 

When building your nest egg for retirement is interrupted by an emergency, there are a number of things you can do. You can borrow from a retirement account, but that often leads to serious tax implications. An easy way to generate money in an emergency situation is to obtain a car title loan. Embassy Loans of Florida has helped thousands of customers through the years.

 

Car title loans are easy to obtain. They are secured loans that are based upon the value of a vehicle, not a person’s credit history. Most lenders like the car or truck to be less than 15 years old and in good condition. Typically, a car title loan at Embassy Loans can be processed in an hour.



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.