Hi-Way targets 30-40% growth in auto title loans
Tisco Financial Group’s microfinance arm, Hi-Way Co, has set an ambitious target for auto loan growth of 30-40% this year, driven by stronger demand for loans in line with the the country’s economic recovery. Hi-Way, which provides auto title loans under the Somwang Ngern Sang Dai brand, aims to increase loans in this category by […]
How online title loans can help you out of a financial crisis
If you’re like most people, you’ve probably had to deal with a financial pinch at some point in your life. This can be a very difficult situation to get out of, but there are options available to you. One such option is an online title loan. In this blog post, we will explain how PaydayChampion […]
EEOC Sues Carolina Securities Lending/Community Lending America for Racial Harassment and Disability Discrimination | United States Equal Employment Opportunity Commission (EEOC)
Employer refused to allow employee to return to work on crutches and fired her due to disability, federal agency says GREENVILLE, SC – Georgia-based Community Loans of America, Inc. and its subsidiary, Carolina Title Loans, Inc., violated federal law by subjecting an employee to a racist work environment, disregarding her disability and dismissing her. because […]
Car Title Loans: 5 Alternatives to Get Fast Cash
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 $2,000 […]
What to Know About Car Title Loans and How It Works
212Loan Get to know what a car title loan is and how it works. NEW YORK, NEW YORK, UNITED STATES, July 25, 2021 /EINPresswire.com/ – Need money quickly to pay rent, bills or deal with emergencies? Then an auto title loan could be the answer to your money problems. A car title loan is a […]
ChoiceCash Securities Lending, Serviced by LoanMart, Expands to Minnesota
ChoiceCash Securities Lending, Serviced by LoanMart, Expands to Minnesota VAN NUYS, Calif., July 22. 2021 (GLOBE NEWSWIRE) — As of July 2021, ChoiceCash Securities Lending, operated by LoanMart, has expanded its services to the state of Minnesota. Therefore, qualified residents seeking title loans in minnesota have the option of using financing from a ChoiceCash title […]
Risks of auto title loans and alternative options
Title loans for cars provide fast cash – typically between $100 and 10,000 in exchange for the title of your car as collateral. This is a form of secured, property-backed loan the lender may take in the event that you fail to pay. These loans are expensive with high costs and annual percentage rates frequently over […]
ChoiceCash Title Loans, served by LoanMart, expand to
VAN NUYS, Calif., May 27, 2021 (GLOBE NEWSWIRE) – Starting in 2021, qualified residents of Virginia and Wisconsin have the option of accessing ChoiceCash securities lending, managed by LoanMart. Previously, ChoiceCash securities loans were available to qualified residents of California, District of Columbia, Florida, Indiana, Kansas, Kentucky, Michigan, Mississippi, Ohio, United States of America. ‘Oklahoma, […]
How To Find The Best Securities Loans Online
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 […]
The Advantages and Disadvantages of Securities Lending Versus Registration Lending
LOS ANGELES, December 23, 2020 / PRNewswire / – When an emergency arises and you need cash quickly, using a vehicle as collateral for a loan can be a good solution. But if you are considering a title loan or a registration loan, it is essential to understand what defines these very different loan types. […]
The Ultimate Beginner’s Guide to Automatic Title Lending
Our cars are our trusted partners for transportation, business, leisure and any other activity that involves getting from point A to point B. When we face tough times, especially when it comes to finances, our cars don’t just help us get to banks and lending institutions, they can also be the key to getting the […]
Are title pawns and title loans legal in Georgia?
Title loans have become very popular in recent years in the South. However, many people are unaware of the difference and the legalities behind securities lending and securities pawns. Some of you reading this might not have known they were different at all until this second – and that’s okay! We will tell you everything. […]
How Do Car Title Loans Work?
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 […]
How to choose a lender for car title loans
Are you looking for any type of loan or financing? You need to find the right lender in order to enjoy peace of mind and reassurance. You will find many different loan products and lenders these days. However, your situation will determine the types of loans you are eligible for, such as car title loans. […]
Title loans trap consumers in debt, consumer group warns
Millions of Americans have suffered job or income loss due to the coronavirus pandemic. If you are among them and are considering taking out a car pawn loan to help you with your expenses, think carefully. Taking out a loan against the value of your car seems simple. Lenders give you money in exchange for […]
Why are title loans better financial options than traditional loans?
Whenever you have financial needs, you start tapping into the best financial solutions. The two main options you can make the most of are quick title loans or traditional car loans. It’s time to find out why people only opt for the first option. Traditional Car Loan Vs. Modern Car Title Loan You should clarify […]
Why Car Title Loans Have Become a Popular Choice
In recent years, people have been able to turn to all kinds of solutions for their financial needs. Those looking to borrow money will find many options, but not all options are necessarily available to individuals. This is because various factors are taken into consideration when it comes to loans such as your credit score, […]
Max Cash ™ Title Loans Analyzes the Challenges of the COVID-19 Effect on the Securities Lending Industry
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 […]
What you need to know about payday loans and auto title loans
If the coronavirus pandemic is causing you financial stress, you are not alone. Millions of Americans have lost all or part of their income because they cannot work. Government Economic Impact Payments can help, but some people may look for other ways to borrow money for a short period of time. They may consider options […]
Max Cash ™ Title Loans Work from Home program sees dramatic increase due to COVID-19
TEMPE, Arizona., April 14, 2020 / PRNewswire / – The Max Cash ™ work at home affiliate program has seen an increase of over 400% over the past month for individuals who have the opportunity to earn extra income remotely, giving them the opportunity to maintain financial stability while remaining in quarantine. . Thousands of […]
Important Things To Know About San Francisco Car Title Loans
San Francisco is known for being 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 […]
Georgia senator seeks to cap interest rates on car title loans
A proposed bill in the Georgia Senate would cap the interest rate on car title loans and limit the amount lenders could collect 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 as […]
Payday loans and car titles need reform
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 […]
Voting initiative to ban securities lending has run out of money
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 […]
Arizona car title loans must be capped to save the poor
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 […]
How do car title loans work? Everything you need to know about securities lending
WN Lifestyle Home – Silver Tuesday, November 5, 2019, 10:52 a.m. CST Sponsored: Advertising content Emergencies happen at the most inopportune times. When you’re short on cash and have limited options for borrowing money, you’ll need to get creative. Owning your vehicle can earn you the money you need. Car title loans are often a […]
Arizona Fair Lending Act Would Ban High Interest Car Title Lending
How to protect yourself when buying a used car Buying used cars has always been a risk. Here’s what you need to know to protect yourself along the way. Nicole Schaub, The Republic | azcentral.com Signature collectors are starting to roll out across Arizona in an attempt to curb one type of high interest loan […]
New initiative would ban high-interest securities lending in Arizona | Local News
By Howard Fischer Capitol Media Services PHOENIX — The backers of a new initiative are seeking to ban securities lending — or at least the interest rates they are allowed to charge. Legal documents filed late Wednesday ask voters to remove the exemption the industry now enjoys from state laws that limit eligible interest to […]
High-interest securities loans extended by ‘grace periods’ argued in Supreme Court
The Nevada Supreme Court will soon rule on whether high-interest payday lenders can use “grace periods” to extend the term of a loan beyond what is permitted by law. state law. Court members on Monday heard arguments from lawyers questioning whether Titlemax, a high-interest securities lender with more than 40 locations in Nevada, should be […]
The Dangerous Truth About Auto Title Loans For Bad Credit
If you own a clear, free car, but need the cash quickly, you might find yourself leaning toward 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 […]
Car title loans trap low-income families in debt
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 apartment building, and he and his two teenage daughters needed to find new accommodation. Gillespie has moved. But the bad times kept coming: […]
Are car title loans included in bankruptcy?
When you’re in debt or need money to pay your bills, taking out a car title loan might seem like a great way to access cash quickly. But if your money troubles get out of hand and you resort to filing for bankruptcy to settle mounting debts, what happens to the vehicle you gave as […]
Could Car Title Loans Ruin Your Finances?
One in five people aged 45 to 64 with an income of less than $ 50,000 used a vehicle for a short-term loan. And about a third of people aged 65 and over have received car title loans. “The reason almost everyone gets these loans is normally to pay for an immediate expense,” like a […]
What are car title loans? – Chronicles of Times Square
Once you’ve decided to get a car title loan, it’s extremely important to know what you’re getting into, otherwise loan services can unduly benefit you. It’s an amazing opportunity to get some quick cash when you own a vehicle with a good free and clear title. However, you need to be sure that if something […]
Lawmakers seek to end triple-digit interest on payday loans and car titles
By Charlene Crowell / NNPA Newswire A group of Washington lawmakers are joining forces and influence to legislate a crackdown on predatory lending nationwide. Seventeen U.S. House lawmakers and eight U.S. senators are backing companion bills that would cut the cost of payday loans and car titles from their typical 300% annual interest rate to […]
Why auto title loans are a bad idea
If you are strapped for cash and own your car for free, an auto title loan can seem like a good way to get cash quickly when you need it. But auto title loans are among the most expensive types of credit you can get, along with payday loans and pawn shops. All of these […]
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Title Loans Vs Payday Loans: What’s The Difference?
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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8 cheaper ways to raise cash than car title loans
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 […]
Borrowers struggle to pay one-time payment car title loans
John Moore/Getty Images One in 5 borrowers of one-time payment auto loans have their car or truck seized by the lender for non-payment of their debt. More than 4 out of 5 of these types of loans are renewed on their due date because borrowers cannot afford to repay them in one installment. And more […]
Are auto title loans predatory? A federal study raises concerns.
A report released Wednesday by the federal Consumer Financial Protection Bureau found high rates of vehicle repossession and long-lasting debt within the auto title lending industry. Auto title loans are meant to provide borrowers with short-term access to cash when they need it most. But the CFPB found that for many consumers, loans quickly snowball […]
One-time payment car title loans can cause long-term debt
Most borrowers who take out a one-time payment car title loan end up borrowing again because they can’t afford to make the payment when due, according to a new federal study. That’s why a lot of auto title business comes from borrowers who end up taking out multiple loans in a row and staying in […]
Consumer watchdog turns its attention to auto loans
According to a report released Tuesday by the Consumer Financial Protection Bureau, payday loans aren’t the only type of expensive consumer credit that starts out as a short-term financial fix but often turns into a financial trap. long-term debts. Consumers who take out auto-title loans are often unable to pay when due and repeatedly refinance […]
Arizona legislator wants restrictions on securities lending | Local News
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. […]
Title Lending: Grand Theft Auto
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 […]
Auto title loans offer quick cash for holidays, but critics warn of rising debt – Reuters
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 […]
Auto title loans are riskier than payday loans, new report says
When you’re desperate for cash and run out of options, you might be willing to risk your car to save time. This is what happens with an auto title loan. You keep your car, but assign title to the lender who uses the vehicle as collateral. If you don’t pay on time, the lender can […]
A New Way to Tackle the Poor: Car Title Loans
The rusty 1994 Oldsmobile that sat 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, […]
Wisconsin Auto Title Loans agrees to $2.75 million settlement
By Gitte Laasby of Sentinel Diary UPDATE: Checks have been issued as part of the Wisconsin Auto Title Loans Inc. settlement. If you were expecting a payment but did not receive one, please see this story for a possible explanation and guidance on what to do. you have to do if you have any questions. […]
The problem with car title loans is NOT that people lose their cars | News
A stock lending store in Nashville, Tenn. (Joe Howell/Vanderbilt) According to three researchers led by Vanderbilt’s Paige Marta Skiba, the standard swipe at car title loans is a toothless claim that the deal leads to people losing their cars and then their jobs because they have no means. transportation to get to work. “Repossession affects […]