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Don’t Move Back In With Your Parents

ForeclosureYou have been living on your own for a while after graduation from college. Things have not been quite what you expected though. Your bills are starting to add up and, this month, you find yourself struggling to make all of your financial obligations. The dreaded thought of moving back in with your parents comes to mind, but you counter with a few ideas.

 

  1. Get a roommate. Your apartment could actually have two bedrooms, even though it is pretty small. There are plenty of others out there that may be experiencing some of what you are. Find one of them and add them as a roommate. You will instantly split your rent payment in half freeing up a nice chunk of cash each month to help with other expenses.
  2. Start a budget. Because you are experiencing financial difficulties, it is probably safe to say that you do not have a budget. Start making one. This will help you cut out all of your unnecessary spending. After cutting out all unnecessary spending, if you find that your income does not cover your bills then you need to read No. 1 again and get a roommate.
  3. Take out a car title loan. As a young independent experiencing some money problems, it is also probably safe to say that your credit score is not excellent. If you decide you might want to borrow money, a traditional loan will most likely not be possible. If you happen to own a car, then a car title loan is much more probable. The car needs to be paid off and if it is, it can be used as collateral. A title loan company like Embassy Loans of Florida will examine the borrower, the title, and the vehicle and decide whether to grant the loan. Processing normally only takes a day or two and then borrowers receive their money.

 

If you do own a vehicle that is completely paid for and opt to do a car title loan, it is important that you have a plan to repay the loan. Car title loans are normally for sums between $600 and $5,000 and are for very short terms. Borrowers should not miss payments and make every attempt to pay down the principal of the loan as fast as possible.

 

Getting a roommate, starting a budget, and taking out a car title loan are a few of the things that you can do to avoid having to rely on the parents to bail you out of sticky financial situation.



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.