If you need cash fast, a title loan may be the answer. These loans are relatively easy to obtain, but there are a few things you need to know before applying. In this blog post, we’ll discuss four important things you need to know about title lending. We’ll also give you some tips on how […]
Cautionary Statement Identifying Important Factors That Could Cause FREIT Maryland’s Actual Results to Differ From Those Projected in Forward Looking Statements. Readers of this discussion are advised that the discussion should be read in conjunction with the consolidated financial statements of FREIT Maryland (including related notes thereto) appearing elsewhere in this Form 10-K. Certain statements […]
[ad_1] Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. 9.95% – 35.99% APR […]
Sometimes life circumstances require you to assess your financial situation, and you may decide to go for a title loan to cover an unforeseen expense. Although this type of loan comes with high interest rates and often requires you to comply in the short term, some people choose them because they do not take into […]
Our cars are our trusted partners for transportation, business, leisure and any other activity involving getting from point A to point B. When we are facing tough times, especially when it comes to finances, our cars not only help us get to banks and lending institutions, they can also be the key to getting the […]
The GSB logo on display at a Money Expo. The state-backed bank introduces auto title loans to put pressure on interest rates. (Photo by Patipat Janthong) The Government Savings Bank (GSB) plans to enter the auto securities lending market with a focus on retail loans worth up to 200,000 baht per borrower. The bank’s penetration […]
New usury laws to make title pawns safer for you I hope we haven’t just pushed you away from getting a title pawn. Why? Because Georgia has adopted some new usury laws to make acquiring one much safer for you. Let’s take a look at the details. As we mentioned at the start, title pawns […]
These loans are extremely popular in recent times in the South. But many don’t know the difference and legality of the title loan and Pawns. Many of you who read this might not have realized they were distinct until this point but that’s fine! We’ll explain everything. The distinction of title loans and Pawns It’s true They’re very […]
All loans carry risk if they are not repaid on time. One particularly worrying consequence of a car title loan if you default on your payment obligations is that the lender can take your vehicle. Before you consider getting a title loan, think about the potential potholes you will encounter if you use your vehicle […]
TEMPE, Arizona., April 28, 2020 / PRNewswire / – Title Deed Lenders United States currently suffer a decline of 69% and up to 90% in other parts of the country. Pawn shops are experiencing unprecedented growth as Americans attempt to sell property for cash. Due to this car title loan, lenders have adapted to everything […]
San Francisco is known to be a culturally wealthy and progressive city that has been highly acclaimed as one of the best financial centers in the United States today. Even though San Francisco is a beautiful city that boasts of fun and exhilarating destinations, it could be quite a stressful and demanding place for people […]
ATLANTA (CBS46) — A consumer advocacy group is pushing for Georgian lawmakers to pass a law the group says will prevent lenders from taking advantage of consumers. A representative from Georgia Watch, a statewide consumer advocacy group, testified Monday at the Georgia State Capitol to urge lawmakers to pass the Motor Vehicle Title Loan Act, […]
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 […]
Opinion: As pastors, we care for the vulnerable. That’s why we support Arizona’s Fair Lending Act, which limits interest on title loans to 36%. Abigail Conley and Randy Reynolds | opinion contributors In this season, Christians observe Advent – awaiting the arrival of the One we believe has come to redeem the earth. It’s a […]
Signature collectors are starting to roll out across Arizona in an attempt to curb one type of high interest loan in the state. About 20 community groups on Tuesday launched a campaign to label a measure that would cut car loans with high interest rates and, critics say, trap borrowers in a cycle of debt. […]
When Rakesha Hill’s car broke down, she didn’t have $ 700 to pay for a mechanic. Mesa, a mother of three, earns a modest salary working for a charity that helps homeless families. So, in a pinch, Hill took out a car title loan. “It was the only option I had at the time,” she […]
If you have a clear, free car, but need the cash quickly, you might find yourself leaning towards a title loan. It could be the first step on a slippery slope – one that you should avoid. Here we discuss how dangerous these loans are and why. How securities lending works Auto title loans are […]
In December 2014, Paul Gillespie’s wife died of a heart attack. He buried her on a Tuesday. More difficult news arrived on Saturday: his landlord called and said she was selling the building, and he and his two teenage daughters needed to find new accommodation. Gillespie has moved. But the bad times kept coming: the […]
Four community-based organizations are launching a program to rescue residents of Maricopa County who are struggling to pay off expensive title loans and help them get on the path to healthy credit and financial success. The program is called “Lend a Hand” and is offered through a partnership between the Arizona Community Foundation, MariSol Federal […]
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Securities and Payday Loans: An Overview Asking if title loans or payday loans are better is like asking which disease is best to get in winter. Both loan products feature usurious interest rates, adverse terms, and potentially aggressive collection tactics. A significant difference between a title loan and a payday loan is how you can […]
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Some people in need of emergency cash may rush to the nearest car title lender for a quick loan, but that’s far from the best option. A car title loan, also known as a “pink slip loan,” is a short-term loan that requires borrowers to offer their vehicle as collateral for outstanding debt. Interest rates […]
ALBUQUERQUE — Neon signs, some flashing neon, lure passers-by along historic Route 66 with promises of quick cash if they hit a dead end. Window dressings in malls, converted gas stations and other storefronts in New Mexico’s largest city signal to potential customers that they won’t have to “pay the maximum”. The payday loan and […]
Financially troubled Michigan drivers who have turned to bad title loans for cash may find some relief after action by the state’s attorney general’s office. Michigan Attorney General Bill Schuette has fought to stop illegal auto title loan recoveries offered to Michigan consumers by Liquidation, which does business as AutoLoans, Sovereign Lending Solutions, Car Loan […]
Payday loans will be severely restricted under new rules proposed today by federal regulators. Primarily, the rules will require lenders to ensure consumers can afford to repay loans and will require lenders to report loans to a credit bureau-like entity to track the number of outstanding loans and the amount owed. . The rules proposed […]
By Howard Fischer Capitol Media Services PHOENIX — A state lawmaker who fought to rid Arizona of payday lenders now wants new restrictions on the securities lending industry. Representative Debbie McCune Davis, D-Phoenix, said the triple-digit interest rates charged to consumers are as abusive as those charged by now-defunct companies that provided short-term payday loans. […]
Remark: Recently released government data on small loans in New Mexico confirms what consumer advocates have known all along. Title loan borrowers might as well pay a thief to steal their car. Approximately 41,000 securities loans were made in New Mexico in 2014 and 10,000 vehicles were repossessed. As awful as that sounds, it doesn’t […]
Scott Sweetalla, an auto loan customer, had his car repossessed by a lender due to high interest rates. “The money you would get from these people is not worth what happens later,” he said. (Photo by Erica Lang/Cronkite News) Advertisements and online listings for auto title loans make them especially attractive during the holiday season […]
The rusty 1994 Oldsmobile sitting in an alley just outside of St. Louis was an unlikely ATM. That was until the owner of the car, a 30-year-old hospital lab technician, saw a TV commercial describing how to get money from such a car, in the form of a short-term loan. Lab technician Caroline O’Connor, who […]
Through Gitte Laasby from Sentinel Diary Around 19,000 customers from Wisconsin Auto Title Loans Inc. received checks to compensate them for being tricked or forced to pay for insurance-like memberships on top of their high-interest short-term loans. Wisconsin Auto Title Loans paid a total of approximately $1.8 million to $1.9 million to consumers in a […]
Through Gitte Laasby from Sentinel Diary UPDATE: Checks have been issued as part of the Wisconsin Auto Title Loans Inc. settlement. If you were expecting payment but have not received one, please see this story for a possible explanation and advice on what to do if you have questions. After a 10-year battle, state officials […]
Associated Press The payday loan industry is tempting cash-strapped Ohioans with an even riskier product: auto title loans. Consumers who cannot repay these expensive short-term loans could lose their car. Like payday loans, auto title loans have three-digit annual percentage rates and fast payback times. Lenders make money by issuing a series of new loans […]
Read In pictures: 8 ways to survive a market downturn You need money fast, but what if a bad credit rating prevents you from accessing traditional short-term loans or lines of credit? Taking out a car title loan is a way to get your hands on quick cash with no credit check and minimal income […]
(AOL Autos) — Cash advances are not a new concept in American capitalism. Many people saw the ads with a guy barking, “Bad credit, no credit, no problem!” Or, “Don’t worry about credit, I own the bank!” In addition to high interest rates, these car title loans usually include a number of fees that add […]