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BlogBlogHow Car Title Loans Can Benefit Consumers

How Car Title Loans Can Benefit Consumers

Benefiting ConsumersIf you are short on cash, you may be worried, stressed out and even embarrassed. However, it is important to realize that you aren’t alone. Millions of people throughout the US and Florida are stretched as far as they can stretch when it comes to their finances. With increasing costs across the board and raises, jobs and financial opportunities in short supply, it is no wonder that so many Floridians are suffering with their finances.

Many people in this situation will think that credit cards are the answer, but it really isn’t a great idea to add more credit card debt on top of what you already have. Another option that people will consider is a payday loan. Though these may seem like a good option, the interest rate on these is astronomical and you will only be able to get small amounts, generally no more than $500 to $800. You can also choose a car title loan. This will be the best option.  You can get more money than a payday loan, you will get lower interest rates and these loans can even benefit you financially.

One of the ways that a car title loan is beneficial is that you don’t need good credit. In fact, you don’t need credit at all.  Speaking of credit, you can also build up your credit when you choose a car title loan as you will be getting positive activity on your credit report as long as you pay back these loans. You will also find, in the state of Florida, these loans are regulated…so no worries that you will be taken advantage of. This is a safe and effective method of getting the money you need.

You will find that you can get the money from a car title loan in a matter of hours, you can keep your car throughout the process and over time, become more financially sound. Have you ever heard of a credit card company working with you like that?  Not a chance!

If you are interested in learning more about how a car title loan can help you financially, contact 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.