Title loans have a bad reputation.  Your friends will tell you they are a rip-off and numerous articles warn you how “bad” they are.  The problem is none of those friends or articles can tell you where you are supposed to borrow money when times are tough.  Especially in Florida, where the industry is heavily regulated, title loans are actually a great choice.  There is no easier, faster, or more hassle free loan available to folks with a less than perfect credit score.
So what makes a title loan such a good choice?  There are five key features that make it the best loan for quick cash:
Credit History Doesn’t Matter
If your credit scores need some improvement, you are going to find it very hard to get a loan from your bank or credit union.  Even with collateral and a good job, poor credit history almost always makes it impossible to get bank approval.  With a title loan, on the other hand, your credit is not a factor.  You are using your car title to guarantee that you will pay back the loan.  That means the loan is based on the value in your car, not your payment history.
Most People Get Approved
Title loans have a very high approval rate because it’s really all about the value of the car.  Your car has to be valuable enough to secure the amount you want to borrow.  If you ask for a reasonable amount in comparison to the car’s value (and most people do), you are on your way to loan approval.
Low Interest Rates
If you deal with a title loan company that is licensed in the state of Florida, they are required by law to charge no more than 30% interest per year on the first $2000 borrowed.  If you borrow more, the maximum allowable rates dip to as low as 18% the part of the loan that exceeds $3000.  At Embassy loans, our rates are even less! While title loan rates in other states can rise to +200% and deserve a bad reputation, Embassy charges less than many bank credit cards.
Custom Amounts
Many loan companies will push you to borrow too much.  Let’s face it the more you borrow, the more they make.  At Embassy, we lend amounts as low as $500 to as high as $10,000. Customize it to what you can afford.  You can also adjust the length of the loans from as little as 3 months to as long as 14 months.  Borrow your way.
Speed
If you need cash now, a title loan is your answer.  What other kind of loan can you get cash in your hand in just a few hours?  In just a couple of simple steps, you get your loan approved and the money is yours.
What are you waiting for?  If you need money now, title loans are the way to go, and Embassy is the industry leader.  Give our team a call at 833-839-2274 or fill out the loan request form above and one of our team members will contact you shortly!