A25

Avoid Title Loans Typically found in low income areas, are check cashing companies that also offer title loans. There is a huge controversy surrounding these types of businesses these days due to the extremely high interest rates charged on these types of... More

Avoid Title Loans Typically found in low income areas, are check cashing companies that also offer title loans. There is a huge controversy surrounding these types of businesses these days due to the extremely high interest rates charged on these types of loans. These establishments exist because of the demand for their services from people who do not have, or are unable to open bank accounts. Many government officials accuse these types of businesses of taking advantage of people, which is a very hot topic and one that has some validity. These people pay the insanely high fees to cash checks and take out loans because they do not have any other options. They do not have bank accounts and their credit is usually damaged severely and cannot obtain traditional financing. These title loans will lend an amount of money against a car that is owned free and clear, meaning that there is no car loan on the vehicle. The customer owns the car outright so there is no lien against it allowi Less