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Prevent Identity Theft When Applying For A Car Title Loan

identity-theftApproximately 15 million Americans fall victim to identity theft each year. Their identities are used in a variety of ways by thieves who have found numerous methods of capturing people’s personal data. One of the methods used involves stealing information via the Internet. Every day, millions of Americans are at risk as they conduct business online and input their personal information to complete transactions. If you are applying for an online car title loan, there are some ways you can protect yourself and your information.

 

Car title loans are becoming increasingly popular since they are a quick and easy method of accessing cash. People who own a vehicle that has a clear title can use it as collateral to take out a loan. Many title loan companies, like Embassy Loans of Florida for example, will allow prospective borrowers to complete their application online. Applicants can also submit important documents such as their driver’s license and car title online. This information is used by the title loan company to process the loan.

 

When applying for an online car title loan, you should do some research on the company and its website. Make sure that the website is secure. Find information about their security and privacy policies. That information will tell you if the company will protect your information. If it is not possible to verify the security of a title loan company’s website, you may want to search for a different lender. You could also submit your information by phone.

 

When you find a title loan company with a secure website that will protect your information, be sure to use a computer that does not have any spyware installed. Any malicious software on the computer can transmit your personal information to hackers. If you are using your personal computer, make sure you have anti-spyware software and firewalls installed. Clean the computer regularly to get rid of any viruses that might compromise your security. You can also encrypt any sensitive files that you send via the web. Use passwords that use numbers, letters, and symbols.

 

Applying for a car title loan is quick, easy, and should be stress-free. You can ensure it will be stress free by choosing a company that is reputable and has a secure website where you can feel confident when sending your personal information. Always take precautions when doing any business online. An identity thief can do plenty of damage by getting access to your personal information.



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.