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Getting a Loan with Bad Credit

Having bad credit can create several problems, the biggest of which is related to the ability to borrow money. If you are trying to borrow money for any reason, it is nearly impossible to do so with a poor credit history. Financial institutions see those with bad credit as higher risk borrowers who are more likely to default on their loans. Someone with bad credit can surely work toward improving their credit scores, but what if someone needs to borrow money immediately?

  • Home equity line of credit

If you have bad credit but own a home, you can use the equity in the home to obtain a low-interest line of credit that you can spend however you like. Your lender knows that you are already paying your mortgage regularly and will likely grant you a line of credit (assuming you have the equity) regardless of your credit score.

  • Apply to a credit union

A credit union is similar to a bank, but they are owned by the members who keep their deposits there. Members usually have something in common such as living in the same geographical area or working in the same industry. Credit unions typically have different borrowing standards than banks. As a member, you may be able to obtain a loan even with a poor credit score.

  • Use a peer-to-peer loan

Peer-to-peer lending has become more popular over the last decade thanks to the Internet. Those looking to borrow can go online and find individuals who are willing to lend. The process is very streamlined and borrowers, even those with bad credit, can find access to low interest loans. Lenders can earn a nice return in the process.

  • Car title loans

If you own a vehicle, you can qualify for a car title loan. The best-case scenario is when you have a car that is free of debt. You can still obtain a car title loan if you have an existing car loan if you have sufficient equity. Vehicle owners put up their car or truck as collateral in exchange for a loan. Embassy Loans is one of Florida’s leading car title loan companies and offers customers a quick and easy way to obtain cash. Applying for a car title loan can be done online and processing the loan can be done is as little as an hour. There are no credit checks since the loan is secured by the title to a vehicle.



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.