Emergency Cash – What Are Your Choices?

from autotitleloansftlauderdale.com

Embassy Loans of Winter Haven - for auto equity loansNo one is immune from experiencing an emergency. In times like these, people may need more money than they currently have in their bank accounts. Consumers do not have to panic when they are in this situation because they have several options for obtaining emergency cash.

Borrow From Friends or Family

The first option is to ask to borrow the money from friends or family. This option has many advantages for people in a difficult financial situation. It’s unlikely that their friends or family members will ask to perform a credit check, and they will be able to receive the money they need right away.

This option also has a major disadvantage, and it needs to be considered before people embark on this path. The main thing is that asking for money can put a strain on personal relationships. If the lenders do not write up a contract with the date that the money is due clearly written and the interest that is being charged, the borrower may not repay the lender as quickly as the lender expects to be paid. Friendships and family have been lost over this very issue.  Consider carefully the risks to things that mater to you more than money.

Take a Cash Advance from a Credit Card

If they have a credit card, consumers will be able to take a cash advance. The advantage with this option is that people do not have to risk their personal relationships, will not have to have a credit check and will receive the money quickly. This option also has a disadvantage, and it is the fact that cash advances come with high interest rates. If people cannot repay the money right away, they will have large amounts of interest added to the balance that may increase the debt to an unsustainable amount. Credit card companies also raise the interest rates as your balances creep higher.  What seemed affordable at the time, may now be a commitment that’s tough to get out of.

Obtain a Home Equity Loan

If they own a house, homeowners can obtain a home equity loan if they have sufficient equity in the house. If they qualify, homeowners can receive a loan with a relatively low interest rate. However, they will need to have good credit scores to qualify. This type of loan also requires that they wait weeks to learn whether or not they have been approved.

Apply for an Unsecured Loan

People who do not have any property can apply for an unsecured loan. However, this type of loan may be highly expensive if they have low credit scores. The fact that they are not offering anything as collateral may cause the lender to set the interest rate even higher or not approve the loan under any circumstances.

Apply for a Payday Loan

The above options will not necessarily help those who have no credit history or low credit scores, but they do have the option of applying for payday loans. Most payday lenders will not ask the applicants to submit to a credit check, but this makes the loan riskier for lenders. As a result, they will charge a very high interest rate that may make the loan too expensive to repay.

Obtain an Auto Title Loan

The last option is an auto title loan, and it can be a good answer for people with no credit history or low credit scores. Those who own a car, truck or van can receive a loan based on the equity in their vehicles. Their credit scores do not matter at all. They may be approved the same day that they apply, and they will be able to keep their vehicles.  Interest rates are reasonable compared to options such as payday loans.  If these east and easy loans sound like they might be the answer for you, contact Embassy Loans to get more information.  You’ll find that as a leader in the field, Embassy can get you some of the lowest rates out there and can walk you through the  process in no time.

For more information, give them a call at 866-277-5798 or visit autotitleloansftlauderdale.com.

Applying for a Car Title Loan

Help pay bills or unexpected expenses with a loan on your auto or truck’s equity

Applying for a loan using your car as collateral sometimes called a Car Title Loan or Auto Equity Loan is a rapid way to get money to pay bills or for emergency cash needs. Sometimes your normal paycheck doesn’t pay all your  bills. Cost of living continues to rise in Florida, many people simply can’t afford to pay for emergency needs like home repairs, medical bills, or legal fees. When this happens, people who own their vehicles can apply for a consumer finance loan from Embassy Loans, using the equity in your car or truck as collateral,  to assist you to  pay those unexpected financial expenses.

To apply for this type of loan, you need to make sure you have the needed paperwork in order for Embassy Loans  to process your loan quickly:

  • Proof of vehicle ownership ( title) and current insurance:  The first thing you need to establish is proof of ownership for the vehicle on which you are looking to obtain an auto title loan. This means that you have paid off any car loans and there are no liens against the vehicle. You will also need to provide the vehicle insurance and registration.
  • Identification including Driver’s License. You need to prove who you are and where you live. Only official Government Identification Cards such as a State Issued Driver’s License are accepted to establish this identity.
  • Proof of residency: A formal proof of residency is needed when applying for a collateral loan. This can include a copy of bank statements with your physical address, a rental or mortgage agreement with your address printed or utility bill.

This is what you need to receive your  loan from Embassy Loans. The process is very simple and you can fill out an  application online  or by phone with the help of one of our friendly Loan Agents.  Your loan can be approved within a matter of hours.

Embassy Loans – Loans Made Easy
For Fast Service Call (866) 277-5798

or visit us online at EmbassyLoans.com – Car Title Loans in Florida

Florida Auto Equity Loans – How They Work

All across Florida, people who need emergency cash can find auto equity loans sometimes referred to title loans in just minutes. People from Ft. Meyers to St. Augustine, Key West to Pensacola  are learning how easy it would be to handle all their cash emergencies and unexpected expenses by using the value of their vehicle to get cash today. By calling Embassy Loans for an over the phone  application discussion, they would be able to get pre-approved for a Florida consumer finance loan using their car title as collateral very quickly . Depending on the value of a person’s vehicle, they would be able to qualify for a loan from $250 to $10,000.

While they finish their auto equity loan request inside the location, an agent would give their car a quick inspection and approve the loan amount. Additionally, an individual would be able to keep and drive their vehicle during the Term of their loan, allowing them to go on with life as usual.

Embassy loans offers flexible terms so customers can design a loan that fits their requirements perfectly.

Embassy Loans – Loans Made Easy
For Fast Service Call (866) 277-5798

or visit us online at EmbassyLoans.com – Car Title Loans in Florida

Car Title Loans are available to people with Bad Credit

Considering the unemployment rate and poor economy in general, many people are impacted by less than positive credit scores.   Many people had no choice but to pay bills late, resulting in a negative credit score.  Your credit score is the key aspect that a  traditional loan provider (such as a bank), evaluates when you apply for a loan.  When your credit is  bad or you do not have established  credit, a bank usually won’t give you a  loan.

If you had a bankruptcy it will be almost impossible  to borrow money from a bank.

One  option for borrowers with bad credit scores who require cash quickly is an auto equity loan, sometimes referred to as a car title loan. Using the equity in your car or truck as collateral, an auto equity loan provider will ignore your credit situation when evaluating your loan application.  All you need is clear title to your vehicle and proof of residency.

Loans can be designed to be flexible in length, so your payments are affordable.  Interest rates are reasonable and the entire process can take less than one hour.

A big  bonus is that if you make your payments on time, the lender will report this fact to the credit bureaus.  This will help you establish or rebuild your credit score.  A win-win situation!

Embassy Loans – Loans Made Easy
For Fast Service Call (866) 277-5798

or visit us online at EmbassyLoans.com – Car Title Loans in Florida