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WARNING: Georgians taking out fully high interest loans that may cost them their vehicle

WARNING: Georgians taking out fully high interest loans that may cost them their vehicle

ATLANTA — Channel 2 customer adviser Clark Howard states Georgians seeking to borrow secured on the worthiness of these automobile need to comprehend that the mortgage can come by having a catch that is big it comes down from a name pawn business.

“It’s hard because it makes me so angry,” Howard said for me to stay calm about this.

Howard stated individuals eager for money frequently look to title companies that are pawn. These tiny dollar loans have big interest levels.

“Almost always at 300 %,” Howard stated.

Griffin resident Mark Walls told Channel 2 Action News which he didn’t have a selection as he pawned the name for their 2007 Chevy Trailblazer. After he was left by an accident not able to work with 2 yrs, their credit plummeted.Read More »WARNING: Georgians taking out fully high interest loans that may cost them their vehicle