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BlogBlog2016 Presidential Election Results & Car Title Loans

2016 Presidential Election Results & Car Title Loans

The 2016 presidential election proved to be one of the most interesting in the history of the United States. The election of Donald Trump as president will surely bring about some changes. One of the new president’s goals is to reduce the amount of regulation on businesses. What results from those changes may have an impact on the market for car title loans?

What Are Car Title Loans?

If you do not already know, car title loans are short-term loans that are backed by the title to a vehicle. The value of the car or truck is collateral in exchange for a sum of money. You get to keep the car and repay the loan over a short period. Embassy Loans is one of Florida’s leading title loan companies and has assisted tens of thousands of customers through the years in gaining access to much-needed cash. The process of obtaining car title loans is very easy.

How to Obtain a Car Title Loan

At Embassy Loans, prospective buyers fill out an application either online or in person to begin the process. Applicants will be instructed to provide some documentation, including the title to the vehicle. There are some requirements related to the vehicle – a clear title, for example – that you must meet. Once verified, the vehicle can be assessed for its value, the loan agreement drawn up, and the money in your hands.

The Benefits of a Car Title Loan

The big advantages of a car title loan are that there are no credit checks, which ultimately speeds up the process. Unlike other loans, a car title loan is not based upon the borrower’s credit history. A borrower’s credit history often prevents a loan from being approved. Minus the credit check, it’s possible to complete a car title loan at Embassy Loans in as little as an hour. You can apply for the loan and have your money a day or two later.

The Impact of the 2016 Election

With the planned reductions in regulation, there may be some impact on car title loans. Regulations across the lending industry over the past decade have increased the costs associated with administering these loans. Borrowers pay more in costs because lenders must meet these regulations. With these rules relaxed, borrowers may end up paying less in costs when taking out any loan, including car title loans.



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.