(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogCar Title Loans: What You Really Need to Know

Car Title Loans: What You Really Need to Know

When money gets tight, you need options. If you’ve got debts coming up, then you’ve got to figure out how to settle them before you end up in serious financial or legal trouble. Sometimes it’s just lousy timing: you know that you’ll have the money you need soon, but the deadline is just over the horizon, and you need to figure out how to get your hands on some money right now. In these cases, you may want to think about a short term borrowing strategy like taking out a car title loan.

Hang on, though—aren’t car title loans supposed to be risky? Well, that’s what some people say, but actually, car title loans can be a really useful strategy, as long as you know what you’re getting into and have a plan for how to get back out. Most of the people complaining about car title loans are just folks who didn’t approach their loans responsibly, and who suffered the consequences. That’s to be expected when you don’t read the fine print, but for those of you who pay attention and treat your title loan with respect, you shouldn’t have any problems.

You’re probably familiar with how title loans work. When you take out a car title loan, you’ll fill out an application and submit a couple of documents that prove you’re the legal owner of your vehicle. A couple of days later (if you’re using a bigger company like Embassy Loans), you’ll get the money agreed on during the appraisal and hand over the title to your vehicle. The idea is that you get the title back if you pay the loan off in time, and if you don’t, then the loan company takes your vehicle. Here’s the thing, though: if you avoid using car title loans frivolously, you won’t have to end up in that kind of jam.

Let’s say you’re getting married, and you need extra money for the wedding. You know you have a big raise coming at work, but your boss has just told you that it won’t kick in until after the wedding, which you and your fiancé have already scheduled. This situation is a good example of when a car title loan might come in handy. You know you’ll have the money soon; you just need a little extra in the short term. If you stick to using car title loans for the right reasons and avoid taking them out whenever you want to burn money, there’s nothing to fear from car title loans.



Embassy Loans is a leading provider of auto title loans since 2005

Get In Touch

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.

© 2024 · Embassy Loans · Site built by DMA

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.