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Don’t Have Credit? Don’t Sweat It

If you have not built a credit history, you will find that it will be difficult to get a loan, a credit card, and possibly even a job or an apartment. Establishing a credit history can be tricky, but it is possible. Here are some steps you can take to build your credit history.

  • Apply for a secured credit card.

If you have no credit history, a secured credit card is a likely starting point. You are given a credit card backed by a cash deposit that you make up front. The amount of the deposit is your credit limit. Use the card to make purchases and then make timely payments when the bills are due. Your cash deposit is collateral should you fail to make a payment. While a secured credit card is not meant for extended use, it can help you establish a solid credit history.

  • Get a co-signer for a loan or credit card.

You may be able to have a parent or family member co-sign for a loan or a credit card. The co-signer must understand that they would be responsible for any payments that you fail to make. Of course, you should make all payments on time because it will help you to establish sound credit.

  • Be added as an authorized user on someone else’s credit card.

Another easy way to build credit is to become an authorized user on a parent’s or family member’s credit card. You will enjoy the benefits of building credit while not being legally obligated to pay for your charges. If you do make any purchases using the card, you should make your payments on time.

  • Get credit for rent payments.

If you are making rent payments, use a rent-reporting service to add them to your credit report. Not all credit scores take rent payments into account, but some do. Paying your rent on time can help to build a positive credit history.

  • Take out and repay a car title loan.

If you own a vehicle, you may be eligible for an auto title loan. If you have considerable equity in the car, or you own it outright, you can use it as collateral for a loan. Car title loans are easy to obtain and offer quick access to cash. Embassy Loans has helped tens of thousands of customers receive money, often within an hour of making their application. Once you repay the loan, it can help you build your credit history and credit score.



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.