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A Smart Solution to Tackling Long-Term Debt

At some point, the pain of living from paycheck to paycheck has to end. Paying off your debt is one step in eliminating that pain. Getting rid of your long-term debt can help your bank account, your budget, and most importantly your family. While talking about paying off debt is easy, actually doing it can be much more challenging. Here are a few easy steps you can take to get control of your debt.

Analyze Your Debt

If you want to get rid of your debts, you must first know what they are. The easiest way to analyze your debt is by obtaining your credit report. By law, you can receive one copy of your credit report from each of the three reporting bureaus – Equifax, TransUnion, and Experian. Your credit report will list all your debt including any mortgages and car payments as well as credit card debt and past due medical or utility bills. Understanding your debt is the first step in putting together a plan to pay it off.

Ask for Help

You can contact your creditors directly, or you could always use a credit counseling service. Either way, contacting those you owe is necessary. It shows that you are serious about repaying your debt and it may also give you the opportunity to negotiate lower payoffs. A creditor may take $1,000 instead of the $2,000 you owe just to get the debt paid. As a general rule, try and pay off the debts that carry the highest interest rates first. Doing so can save you money in the long run.

Try Consolidation

Let’s say you have five credit cards each with a considerable balance. Your current monthly payment is $1,000, and that is just the minimum. The $1,000 does not pay off any of the balances. You could consolidate the five loans into one new loan with a payment of $1,000 or less that does pay off the balance. A car title loan is one of the easiest and fastest ways of obtaining a loan. If you own a vehicle and it is paid off, you can use the equity to take out a loan from Embassy Loans. The company has helped tens of thousands of customers obtain loans for a variety of reasons. The process is simple and loans can be processed in as little as an hour. Car title loans have shorter terms which could result in debts being paid off in less than a year.



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.