I Don’t Want to Pay TitleMax Anymore On This Title Loan

Title Loan Abandoned Car

Question: Dear Steve, TitleMax loan 10/2019 for $1100. After the full amount payments of 180.00 for 23 months. I will have paid nearly $4300.00 back. I’ve never been late on any payments. This is the 3rd loan I have got through them also. All payments were always on time and never went into default. My … Read more

ACE Cash Express Left Me Stuck With My Car

Title Loan Abandoned Car

Question: Dear Steve, In 2012 I got a title loan and I couldn’t pay the loan back within 30 days. ACE told me I had 5 days to have their money at their office or they would pick up the car. I told them to come and get they never did. They sold my account … Read more

I Feel Like I’ve Paid Enough on This Auto Title Loan

Question: Dear Steve, March 2019, I took out a car title loan for $5,800. I paid $1,000 towards the principle and approximately $4,395 in interest (5% interest, $293 per month interest. I am a Lyft driver and the interest payment is so high for me that I have only made interest payments. I am at … Read more

Cash Store Maybe Learns a Lesson. About Doing Bad Things

The Consumer Financial Protection Bureau (Bureau) announced a settlement with Cottonwood Financial, Ltd., which does business under the name Cash Store. Cash Store is based in Irving, Texas and owns and operates roughly 340 retail lending outlets in Idaho, Illinois, Michigan, New Mexico, Texas, Utah, and Wisconsin. The Bureau found that in the course of … Read more

They Loan You Money. Then They Get A Warrant For Your Arrest.

Cecila Avila was finishing a work shift at a Walmart. David Gordon was at church. Darrell Reese was watching his granddaughter at home. Jessica Albritton had pulled into the parking lot at her job, where she packed and shipped bike parts. All four were arrested by an armed constable, handcuffed and booked into jail. They … Read more

How Do I Get My Title Back from Title Loan Company After Bankruptcy?

Question: Dear Steve, We had a title loan at TitleMax on a 2005 Olds Alero. We filed bankruptcy & it was discharged. We need the title so we can get rid of the car. John Answer: Dear John, First, let me be 100 percent clear, I am not an attorney. I can’t give you legal … Read more

Online Payday Lending in North Carolina – That Don’t Ain’t Going to Hunt

Attorney General Josh Stein was granted a temporary restraining order against the Miami, Fla.-based online payday lender Approved Financial, Inc. in a case he filed on May 15, 2019. The case alleges illegal, unlicensed lending practices, usury, unlawful debt collection, and unfair and deceptive practices. The temporary restraining order, entered by Superior Court Judge Stephen … Read more

I’ve Made Payments on My Title Loan But I Don’t Think They Are Reporting Them Correctly

Question: Dear Steve, I took out a title loan due to an emergency about 1.5 years ago. I’m a single mom, newly divorced trying to make ends meet while bettering our lives. Unfortunately, in August 2016 I became unemployed. I contacted the finance company and explain the situation and they reminded me that I signed … Read more

TitleMax Auto Title Lender – Slapped With Millions in Fines

Yesterday the Consumer Financial Protection Bureau (CFPB) today took action against TitleMax parent company TMX Finance LLC for luring consumers into costly loan renewals by presenting them with misleading information about the deals’ terms and costs. The lender also used unfair debt collection tactics that illegally exposed information about debts to borrowers’ employers, friends, and … Read more