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The Road to Financial Success

To achieve financial freedom, you need to have a system in place that will help you organize all of your important, and not so relevant, financial documents. Doing so will allow to analyze your situation and make any changes necessary to help you achieve a lifestyle that does not involve living paycheck to paycheck. Here is a list of things you can do to get started.

  1. Start a file for your tax returns. Keep all of your tax returns for the previous seven years. Attach all of the supporting documentation such as W-2 forms and additional schedules. During an audit, you will have everything you need, plus you can analyze your income and any refunds that you receive from year to year.

 

  1. Keep track of any retirement accounts. If you have a 401k plan or a pension through your employer, keep track of all of your transactions. You should get monthly or quarterly statements. Keep them so you are aware of your retirement savings.

 

  1. Track all of your savings and checking accounts. Each month, you receive a statement from your bank or credit union. Keep all your statements. If you do online banking, make sure to create an online file for all of your accounts.

 

  1. Create a debt file. In this file, you will keep track of all of your debts. If you have a mortgage payment, car payment, or credit card debt, all records and information belong here. This record will help you to keep track of where your money is going.

 

  1. Insurance. If you own a home, you should keep a copy of your homeowner’s insurance policy. The same goes for any vehicles that you own. Keep track of all of your insurance policies.

 

  1. Family Will. If you are like many, you probably do not have a will. Do yourself a favor and create one as soon as possible. Keep it filed away safely with the rest of your relevant documents.

 

  1. Monthly Expenses. Here is where you will keep track of any of your expenses. Put all of your receipts in this file, including grocery store receipts, gas receipts, and anything that you spent money on during the month.

 

With all of your information organized, you can easily track where you are spending your money. If you are spending too much, you can make the necessary changes to get back on track. If you have too much debt, you can always find a creative way to pay it down or pay it off entirely. If you own a vehicle, you can always take out a low interest car title loan from Embassy Loans. The loan could be used to consolidate credit card debt, for example, lowering your monthly payments and allowing you to pay off your debts much quicker. Paying your debts is a big step toward financial independence.



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.