Florida is a big state! The most recent estimate by the United States Census Bureau estimates that the state’s population had reached 19,057,542 – an increase of 1.36% on the 2010 confirmed figures. The Census Bureau haven’t provided a new estimate for this year yet, but extrapolating from last year’s figures we can expect the population to have increased by roughly a further 250,000 people, bringing the Florida population of 2012 up to 19.3 million.
In terms of population density, Florida has a surface area of 65,755 square miles (170,304 square kilometers). Based on the 2011 estimates, that equates to 353.4 people per square mile, (136.4 per square kilometer) and that makes it the eighth most densely populated state in the US.
The reason of this high population density of the state is the availability of opportunities for growth of the citizens. Opportunities of business, education, employment and entertainment draw thousands of people every year to the state. One of these opportunities are rapid cash loans using your car title as collateral from Embassy Loans.
The people of Florida are particularly happy about the availability of these cash loans because they are very different from other forms of traditional loans. Following are some of the factors that make these cash loans special.
- Speed – Regardless of the type of financial institution you go to ask for a loan, the minimum amount of time you will have to wait is a week before your loan application is processed and approved/rejected. However at Embassy Loans you can obtain a loan in a few hours .So for those facing an urgent financial need, auto equity loans sometimes referred to as car title loans can provide the best solution possible.
- Credit Score doesn’t matter – Many lenders’ loan applications are turned down by, banks, special lenders and other lending institutions just because their credit score doesn’t meet the lenders’ requirements. Embassy Loans has no such requirements. They don’t judge applicants based on their credit score.
- Collateral helps – Collateral is considered necessary by lenders of title loans because it helps them minimize the risk they face because of the possibility of borrowers defaulting on their loan. The borrowers, in return, enjoy a lower interest rate because of the secure nature of the cash title loan from Embassy Loans.
The factors mentioned above make it very easy for the people of Florida to obtain loans and even pay them back.
Read the complete article: http://www.southfloridabusinessworld.com/2012/09/auto-title-loans-in-florida/