Proposing Over the Holidays? A Car Title Loan Can Help
Make Your Holiday Proposal Unforgettable
It’s the time of year when the joyful holiday spirit is in the air. It is also a time when you may be thinking of proposing to your better half. What better way to ask your mate to marry you than to do it on Christmas Eve, Christmas Day, or even New Year’s Eve?
There’s just one problem: your finances. If you are considering a proposal and are short on cash, a car title loan can help.
Basics of a Car Title Loan
If you own a vehicle and possess its title, you can obtain a car title loan. Embassy Loans is a title loan company that has helped thousands of customers borrow money quickly and securely. As a lender, Embassy Loans prefers that borrowers have a vehicle that is paid off entirely. However, in some cases, a loan can be completed even if the borrower still owes money on the vehicle. The car or truck should also be approximately 15 years old or less and in good condition.
If the borrower defaults on a loan, the lender wants a desirable vehicle so that they can sell it and recoup some of their losses. Borrowers must fill out an application, either in person or online. They will be asked to prove their identity and residency and must have the title to the vehicle. Once everything is verified, lenders will assess how much the vehicle is worth.
Typically, borrowers can receive up to 50 percent of the vehicle’s value. A loan agreement is drawn up, and the borrower then receives their money. At Embassy Loans, most individuals receive their funds within an hour.
No Credit Check Required
One of the major obstacles in financing an engagement ring is credit. Getting approved for financing from a bank or even a jeweler can be difficult if you have a poor credit history. Car title loans, however, are not based on credit. Most title loan companies, including Embassy Loans, will not even run a potential borrower’s credit report.
If a borrower fails to repay the loan, the lender takes the car or truck as collateral and sells it. This is uncommon, but it is the primary risk involved. That said, because no credit check is required, a car title loan can be a great solution if you have less-than-perfect credit and need quick cash to make your holiday proposal truly special.
If you’re ready to take the next big step but need extra funds to make it perfect, Embassy Loans can help. Call us today at (833) 839-2274 and get the cash you need—fast, simple, and secure.
