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How to Manage Your Emergency Expenses

Emergency FundToo many people are unprepared should they face a serious financial crisis. That is why it is important to begin preparations to handle such an emergency. To get through times such as a job layoff, there are a few things that one should have in place. A savings account with the equivalent of six months’ worth of expenses is the first step. Should you lose a job, this emergency fund will allow you to pay all your bills without earning a dime.

Another item you should have on hand is a credit card with a zero balance. The credit card is kept solely for one purpose, and that is an emergency. Like the savings account, the credit card can help you navigate a tough financial situation. The other thing you can do to prepare for a financial emergency is to find a title loan lender like Embassy Loans ahead of time.

Embassy Loans has helped tens of thousands of customers obtain cash in emergencies. If you own a vehicle, it is possible that you can use it as collateral to complete a car title loan. It’s feasible to process these loans very quickly, and borrowers can have their hands on their money within an hour. The process starts by filling out an application, which takes just minutes to finish. After applicants provide proof of identity and residency, Embassy Loans assesses their vehicle for its value. The loan documents are drawn up, and borrowers then gain access to their money. The loans are not based on credit either.

Building a savings account can be difficult, especially six months’ worth of expenses. Still, you should attempt to establish such an account. Turning to your savings account in times of financial emergency is an ideal solution. Credit cards are an easy emergency solution. Depending on how high your credit limit is, you might be able to make it through several months without having to rely on other means. The problem with the emergency credit comes when you must pay the bill. It may take some time to repay the card.

Regarding cost, using credit cards and car title loans will cost more than using a savings account. When faced with a financial emergency, though, the cost is relative. Realistically, in times of a financial emergency, you may find that you get through the situation using some combination of savings, credit cards, and loans.



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.