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Are You A Candidate For A Title Loan?

Title Loan CandidateIf you are currently having difficulty making your rent payment, as well as your other monthly bills, you have a few different options. You could also go the conventional route and attempt to get a small loan from a financial institution. Many banks do not even offer the opportunity to borrow small sums, like $1,000, of money. The other problem that you may run into is going through a credit and background check. You will need to have job to prove that you have the income to repay the loan. If unemployment is part of your financial problem, you will not be able to secure a bank loan.

There are some other alternatives. If you are employed, you could always ask your employer for an advance on your pay. This can be tricky and will depend on your employer and your relationship with him (or her). If successful, obtaining a cash advance from your boss if probably a one-time thing. You do not want to send the wrong message to your boss and put your job in jeopardy.

If you are unemployed and have a less than stellar credit rating, there is still hope. You may be a candidate for an auto title loan. Many potential borrowers may not even realize that this type of loan exists, but a vehicle title loan in Florida is an option for those needing emergency cash. A title loan does not require a credit check. The loan is secured by offering a vehicle as collateral. If a potential borrower has a vehicle with a clear title, an auto title loan is possible.

For those without a job, this type of collateral loan can help in an emergency situation. With a bank loan, the lender will ask for documentation about your income. They have to make sure that you can repay the loan. If you are unemployed, there is no way that you would qualify for a conventional loan. A title loan, though, does not require the borrower to have a job, just a car or truck.

You are definitely a candidate for a title loan if you need cash and need it fast. Another of the great benefits of doing this type of loan is the speedy closing. Applications can be processed in a matter of minutes and are normally closed within an hour.

If you meet these criteria, you could be a candidate for a vehicle title loan from Embassy 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.