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Let’s Talk About Title Loans

Borrowing money isn’t something you should ever take lightly. After all, for every dollar you borrow right now, you’ll have to spend another later when you pay the money back. Too many people forget about this when they qualify for a loan, which sometimes can be very risky. You should always have some idea of how you’re going to make good on a debt before you incur it. That said, there are some quick and easy ways to borrow money out there if you’re sure that you’ll be able to get it all back in time, and if you ever happen to be stuck between a rock and a hard place then the right kind of loan can really help. One potentially effective strategy is to take out a car title loan.

Have you heard of car title loans before? If you haven’t, here’s the basic idea: Firstly, you fill out an application with a car title loan company. Let’s say you choose Embassy Loans, one of the bigger players in this particular market. Fine—you’ve filled out your application and provided a bit of supporting documentation to prove that you’re the actual owner of your vehicle. When you’re approved (Embassy normally does it in a few days), you’ll hand over the title to your car, and you’ll get a certain amount of money in return. When you pay the loan back on time, you get the title back. Simple, right?

Hang on, though. What happens if you don’t pay the loan back in time? Well, that’s where things get tricky. Technically, if you don’t pay a title loan back in time, then the loan company can take possession of your vehicle. That’s not so good. Without a vehicle, going to work or getting a job is going to be a lot harder, and that’s only going to make your debt problem worse. So, what’s the solution? Easy: just make entirely sure that you can pay that loan back in time before you put in your application. If you know you’ll have the money you need before the loan is due, car title loans can be an excellent way to help tide you over during temporary periods of financial stress (like holidays or special occasions). Just be smart about it, and you should have absolutely no problem using this highly effective borrowing strategy to your advantage.



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.