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In Between Jobs? A Financial Solution

The average person reportedly will change jobs an average of 12 times throughout the course of a career. In some cases, people change career paths altogether. In others, they simply move from one job to another. Whether it is a career change, promotion, or maybe even a layoff, the likelihood that you change jobs is high. That means you will likely also have periods of time where you do not receive a paycheck while in between jobs. While your bills will keep rolling in, your income will not. Here’s what you can do to help your financial situation while you wait for your next job.

Choose a Car Title Loan

If you own a vehicle that is paid off, you can use it as collateral for a car title loan. These types of loans are usually for a few hundred to a few thousand dollars which you can repay over a short term, typically within a year. If it takes you two or three months to find your next job, you can easily pay all your bills for those months with the proceeds of a car title loan. Once the job starts, you can then begin paying off the loan as quickly as possible.

One of the big reasons why you would choose a car title loan is the ease and speed of the process. Embassy Loans, which has helped tens of thousands of customers, can process a car title loan in as little as an hour. Since you are offering your vehicle as collateral for the loan, there is no need to analyze your credit history. This saves a tremendous amount of time, and it also allows a borrower with poor credit the ability to borrow.

How It Works

Like any loan, the first step in the process is filling out the application. At Embassy Loans, filling out an application takes just a few minutes. You can complete it online, or customers can call and have a representative guide them through the application process. Once that is complete, all customers must submit a few forms of documentation. A driver’s license and the title to the vehicle are some of the documents that are needed. Embassy Loans will assess the vehicle for its value, and typically will use blue book values to determine how much a car or truck is worth. With the appraisal of the car done, the final loan agreement can be drafted and the money paid to the borrower.



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.