ATLANTA – The practice of pledging car title to make ends meet could become a bit more restrictive in Georgia under a bill with bipartisan backing. By using a vehicle as collateral, auto title loans quickly provide small amounts of money to cash-strapped borrowers without the need for a credit check. The loans, which can […]
A bill proposed in the Georgia Senate would cap the interest rate on auto title loans and limit the amount lenders could receive in the event of default. Senate Bill 329 was introduced in late January by State Senators Randy Robertson, Chuck Hufstetler, Zahra Karinshak, Ed Harbison and Sheikh Rahman. The bill is bipartisan because […]
By Rabbi Gary S. CreditorWhen my wife and I applied for our first credit card, I looked forward to it until it arrived. When we applied for our first car loan, I had no doubt that we would be approved. When we applied for our mortgage I was also sure, but amazed at the amount […]
Activists who had hoped to offer Arizona voters controversial auto title loans in this fall’s election say they are abandoning the effort for now, citing a lack of money and time. Community groups including Arizonans for Fair Loan had tried to obtain more than 240,000 valid signatures to qualify the measure for the November ballot. […]
Supporters of an offer to ask voters to ban securities lending have resigned over the inability to raise the money they need to get it – and keep it – in the November ballot. Rodd McLeod, campaign consultant for Arizonans for Fair Lending, said federal courts’ refusal to overturn a petition signing law has increased […]