You have to have a car to take a vacation, right? Unless you can fly to your destination, your car will provide the transportation to get you to your vacation spot. If you don’t have the extra funds saved up to go on vacation this summer, you can use your vehicle in a different way to take that trip. A car title loan is easy to obtain and will provide you with the cash you need to make this summer special.

• How do I qualify for a car title loan?

If you own a vehicle that has no liens on its title, you can qualify for a car title loan. In most cases, the vehicle must be no older than ten years. At Embassy Loans of Florida, there are some cases when a vehicle title loan is possible on a vehicle older than ten years. There may also be some instances when a loan company may approve a title loan on a vehicle that has less than 12 payments remaining.

• How do I apply?

The first step in obtaining a car title loan is filling out the application. Most title loan companies, including Embassy Loans, provide the application online. At Embassy Loans, prospective borrowers can also visit one of the companies many offices to fill out the application. Doing so takes less than five minutes.

• What documents do I need?

After the application is filled, applicants will need to provide proof of identity, proof of residency, and the title to the vehicle. Some lenders may require some income or asset documentation. Usually, a driver’s license and a copy of a utility bill are all that is required.

• What about my credit score?

A car title loan is a secured loan and, as a result, is not dependent upon credit. Often, lenders will not even run an applicant’s credit history. Even if they do, the loan is not dependent upon credit.

• How long does it take?

Car title loans are processed very quickly. Since examining a borrower’s credit history is not necessary, many title loans can be completed just a few hours after the application is filled out. Embassy Loans reports that it finishes most car title loans within an hour.

Within 48 hours, you can have your hands on the money you need to take your family on a special summer vacation. If you qualify, the process is easy and can allow you to enjoy the summer!