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Automobile Title Loans — Legalized Auto Theft?

Or they may have clause concealed when you look at the small print that says in the event that you move, you need to alert them by mail — or they are able to repossess your car or truck. Therefore also in the event that you make your repayments when you move, and so they know precisely what your location is, in the event that you didn’t let them have written notice, they are able to bring your automobile.

California Assemblymember Roger Dickinson is attempting to enhance protections for customers whom turn to car title loans, in a pinch. He authored a bill to cap the attention price on vehicle title loans at 36%. Florida already enacted a similar legislation, after army Servicemembers and their commands testified concerning the harmful effect of shady car title lending methods on armed forces workers and their own families.


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