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Borrowing to Get Ahead with Car Title Loans

MoneyLots of people say you shouldn’t spend money to make money. Those same people will tell you not to go into debt to help get yourself out. The truth, however, is rarely so simple. Sometimes you may find yourself in a position where the only way to get the money you need to bail yourself out of a jam is to borrow it. Big banks and large companies do it all the time, and they seem to be doing pretty well. Why shouldn’t you make the system work for you too?

Now, the chances are that you don’t have the same assets as a bank or a corporation, but the good news is that you don’t need them. You don’t have to own tons of property or be sitting on powerful stock options to leverage some money your way. It’s as simple as owning a vehicle. Owning a vehicle allows you to take out a car title loan, where you temporarily give up the title to your vehicle in exchange for an amount of money agreed upon beforehand between you and an appraiser. With larger loan companies like Embassy Loans, this usually doesn’t take very long at all—in fact; you could be looking at the money in a matter of days. Then, once you pay back the loan on time, get your car title back again. At no point do you lose the use of your vehicle. Used intelligently, title loans help many people find financial security again during uncertain times in their lives when they really need extra cash.

Now, let’s get something straight here: title loans are not a credit card. You can’t just borrow against your vehicle indefinitely, because if you don’t pay back the loan in the time agreed upon, the loan company takes your car for keeps. The car is collateral, and is used to protect the loan company from abusing the agreement, but it’s not something you’ll have to worry about if you know when your next paycheck is due. Title loans can help you fill in the gaps between paydays. Keep that in mind, and you shouldn’t have any problems the next time you take one out. Ignore it, and you may very well find yourself without a way to travel, which could make finding a job difficult.

With the above in mind you should find that a car title loan is a safe and reliable way to line your pockets during times of scarcity. Borrowing to get ahead will only set you back if you don’t know what you’re doing.



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.