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If you are like many people the past few years, you have needed a little bit of financial help. Typically when this happens, you will attempt to get a loan. Unfortunately, because so many people have also had credit issues because of the financial crisis, they have been turned down for loans in droves. On the flip side of this, however, is that there are still some lenders who are willing to give loans to people, even if they have bad credit. One of these lenders is Embassy Loans.
Some people are a bit confused as to how a highly rated and reviewed company like Embassy Loans can give loans when others are unable to. First of all, you have to realize that Embassy Loans gives out car title loans, so we don’t require you to have good credit, or even any credit, for that matter. Essentially, you will be using the value of your car as collateral and since we have that collateral, we are more than happy to offer you a loan.
No job? No problem. We don’t have any income requirements when you choose a car title loan from Embassy Loans. Again, all we will need is your car for collateral and the money is yours.
Unfortunately, because you will need to sign over the title to our company in order to get a loan, if you are not the legal owner of your vehicle, you will not be able to get money from Embassy Loans. Your car will need to be fully paid off and the title will need to be in your name in order to be eligible for a car title loan.
Yes, as long as you have your car title and a few other documents, like proof of address, we can work with you to get your money in a matter of hours.
As you can see, even if you have been turned down for loans in the past, the friendly team at Embassy Loans can work with you to give you a loan today, even if you have bad credit. Call us today!
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.
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.
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.
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.
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.