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How to Get Your Title Back after a Car Title Loan

Car title loans are a quick and easy way for many people to access much-needed cash in times of financial emergency. Unlike traditional loans, auto title loans are a form of secured loan where the borrower offers the vehicle title as collateral. The lender places a lien on the title temporarily while the loan is repaid. Once the borrower completes the repayment schedule, the lien can be removed, and the title returned to the vehicle owner. The question for those who have never taken out a car title is, “How do you get your car title back?”

The Car Title Loan Process

To take out a car title loan, you visit a lender such as Embassy Loans, a company that has helped tens of thousands of customers through the years. You fill out an application and submit a few forms such as a driver’s license and the title to your vehicle. Embassy Loans verifies that you own the vehicle and that it matches the title. There is an appraisal process, where the car’s value is determined, and then the lender agrees to the loan. Once the final papers are signed, you can have access to your money. The entire process can take as little an hour.

Surrendering Your Title

For this type of loan, you have to surrender your car title to the lender. The lender places a lien on the title, and you receive and amended copy from your state’s department of motor vehicles. Embassy Loans name will appear on the title as lien holder. If you were to default on the loan, Embassy Loans would have the right to take possession of the vehicle and resell it to recover any losses.

Getting the Title Back

Obtaining a title free and clear of any lien will take some effort on your part. The first step is simply repaying the balance of your loan. There are no prepayment penalties on the loan so it is to your benefit to pay it off as quickly as possible. Once you have made the last payment, you must obtain proof that you have paid the loan in its entirety. This documentation will be needed to present to your government agency to receive a new, clear title. You complete a form, provide the necessary documentation proving that your title loan is paid, and pay a processing fee. The department of motor vehicles then removes the lien from the title, and then mails you a new title that is free and clear of any liens.



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.