Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Royal Lounge > D.C.

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 01-30-2009, 05:49 PM   Topic Starter
Micjones Micjones is offline
Whose house?
 
Micjones's Avatar
 
Join Date: Mar 2007
Location: KCMO
Casino cash: $5010
Title Loan Sham.

I just learned how title loans work.

A friend of mine is in deep shit now that her car's been possessed.
Where in the world is the protection for borrowers?
States are allowing these businesses to run wild.

She borrowed $800 from the company in exchange for her title.
She's been making steady monthly payments, but the interest reduces those (small) payments to next-to-nothing.

As a result... The company has repossessed her car and are threatening to auction it off 15 days from now if she can't produce $2,000.

How on earth is it legal for a creditor to keep more than the borrower owed?

I thought the payday/signature loan business was bad.
This sounds worse.
Posts: 15,284
Micjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby PiscitelliMicjones 's adopt a chief was Sabby Piscitelli
  Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 03:21 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.