Category Archives: personal installment loans

Miller: Enact “Car-Title Loan” Legislation

Attorney General warns customers — and lawmakers — about car-title loans: “there’s absolutely no reason for such interest that is astronomical. “

DES MOINES. Attorney General Tom Miller today cautioned customers to avoid car-title loans, which charge just exactly what he called “astronomical and unjustified rates of interest. “

“Car-title loans are incredibly high priced they just drive many individuals deeper into financial obligation, ” Miller stated. “together with that, they pose the threat that is major of individuals to lose their automobiles aswell. “

Miller additionally had a note when it comes to Iowa Legislature:

“Pass the loan that is car-title, ” Miller stated. “Car-title loans are secured personal loans, but loans that are secured be much cheaper because they’re supported by an automobile as security. Continue reading