Tampa Car Title Loans – Embassy Loans
Have you been searching for a car title loan in Tampa? If so, always remember that not all auto lending companies are created equal. If you are looking for a car title loan in Tampa, chances are that you are either facing money troubles and need a quick burst of cash, or that your credit rating wasn’t strong enough to secure you a loan from the bank. In many cases, those looking for auto title loans fall into both of these categories at the same time, making them desperate enough to “sign a deal with the devil” (so to speak) and enter into an agreement with a morally questionable company.
Indeed, car title loans are often mentioned as a cautionary tale. All of us have heard the horror stories of companies that try to take advantage of desperate people by setting up loans with 100 percent interest rates (if not more), or by establishing schemes to try to gain ownership of customer vehicles. Florida has cracked down on such businesses, capping car title loans in Tampa and throughout the state at 30 percent on the first $2,000 loaned and only 18 percent if the loan surpasses $3,000 in value. These rates are important to know for two reasons. First of all, if you find yourself in a conversation with an auto title lender who is trying to sell you frivolous interest rates, you can report them to the authorities. Secondly, 18 percent interest rates or 30 percent interest rates are actually great bargains, especially if your credit rating isn’t great.
Tampa Auto Title Loans
All of this is a long way of saying that car title loans in Tampa – as long as you can find a reputable business – are a much better deal than their reputation suggests. The great thing about auto title loans is that you can get the money you need and an interest rate that you can manage even if you don’t have a good credit score. The value of your car is what matters, and as long as your car is in serviceable condition and you can provide a clear title as proof of ownership, then you will have no problem getting approval for your loan.
The best part is, if you are looking for a car title loan in Tampa, finding a reputable one is easy! Embassy Loans has been offering auto title loans, both in Tampa and throughout the state of Florida, for nearly a decade now. We started our business in 2005, and have spent the years since trying to establish car title loans as something that can be trusted. While we can’t speak to the trustworthiness of other vendors, we can say that we are fully licensed in accordance with Florida state laws, and that we constantly strive to help our customers get the money they need. So if you need money fast, call Embassy Loans today!