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The Perfect Loan

Car Title LoanTrying to borrow money through conventional means these days is difficult. Because of the financial mess of the late 2000s, banks and credit unions have tightened up their lending standards, and often only the candidates with the best credit scores are approved for loans. What if you your credit didn’t matter? What if you didn’t have to wait several weeks before finding out whether a lender would approve you for a loan? It is possible for certain people.

What Is a Car Title Loan?

If you happen to own a vehicle, you may qualify for the perfect loan – a car title loan. If you own a car or truck that you own outright, you are the perfect candidate for a car title loan. The loan uses your vehicle as collateral. Car title loans are usually for smaller amounts of money, from a few hundred dollars to a few thousand. Also, the term of a car title loan is significantly less than most other types of loans. You would typically repay a car title loan within a few months.

The Process

Like the process with other types of loans, obtaining a car title loan begins with the filling out of an application. Applicants must submit a few pieces of documentation. Items like a driver’s license and the car title will be necessary to process the loan. The lender will assess the vehicle for its value, helping to determine how much you can borrow. The processing is much quicker compared to other types of loans. Since the lender secures the loans using property – the car – there is no need to check a borrower’s credit history. Much of the paperwork involved with other types of loans is not necessary when processing a car title loan.

The Advantages

How quickly a borrower can receive his or her money is one of the benefits of a car title loan. Embassy Loans, one of Florida’s leading consumer finance companies, has assisted tens of thousands of customers with title loans. On many occasions, a borrower gains access to cash in just an hour after filling out an application. Another advantage is related to credit. Borrowers with poor credit scores and sketchy payment histories do not have to worry about being denied a loan. Embassy Loans offers borrowers low rates, great terms, and no prepayment penalties. Best of all, borrowers continue driving their vehicles while repaying the loan.

 



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.