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Are You Prepared? Managing Your Emergency Expenses

emergency moneyAre you prepared for an unexpected financial emergency? If you are not, your financial situation can take a drastic hit. The added costs of an expensive home repair, car repair, or medical emergency can severely damage your finances. If you haven’t already, you need to begin preparing for this type of eventuality. There are a number of things you can do to plan ahead.

 

  • Keep a credit card with a zero balance.

Credit cards can get you into trouble financially, but they can also save you in a time of need. Keep one card set aside for use only in an emergency. Do not use it for any other purpose. You may need to keep it updated. If you do not use a card for extended periods of time, the creditor may cancel your account. If necessary, you may have to make a small purchase and pay it off right away just to keep the card active.

 

  • Build a savings account.

Every household should have a savings account just for emergencies, with approximately three to six months’ worth of expenses. Saving is challenging and saving an amount equal to six months of outgoings can be a challenge, but start now. Build the account and do not use it for anything other than an emergency.

 

  • Make arrangements with a family member or friend.

If you have a family member or friend who can afford to help in times of emergency, take advantage of an offer to help. The key to borrowing from a friend or relative is to take the loan seriously and pay it back as you would any loan from a financial institution. If you do not, you run the risk of damaging a long-term relationship.

 

  • Consider fast loan options.

In an emergency, you need access to cash quickly. Traditional bank loans simply take too long to process. Quick loan alternatives and a car title loan are some of the best. Embassy Loans has helped tens of thousands of customers reap the benefits of an auto title loan, one of which is the processing time. Embassy Loans can complete a car title loan in as little as an hour. There are no credit checks, which helps to speed up the process. Embassy Loans can get you the cash you need to deal with your emergency.

 

Being prepared in times of a financial crisis certainly pays off. If you have not already, start building an emergency fund and sign up for a credit card that you will keep on hand only for use in a time of need. If you need a quick solution, Embassy Loans can always help with a car title loan.



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.