The problem is, the proposed rule doesnt do that. Instead, Pew says, it would let payday lenders keep charging triple-digit interest rates while making it harder for banks to offer better, cheaper alternatives. Pew has proposed its own rule that would restrict short-term loans, but would encourage longer-term loans that are easier to repay. Auto Title Loans. To get around the restrictions on payday lending, some lenders andhra bank personal loan process auto title loans instead.
However, this so-called alternative which is illegal in about half the states in the country is really just a payday loan in disguise. When you take out an auto title loan, the lender examines your car and offers you a loan based on its value.
Bank of America in Banks. 6091 Calhoun Memorial Hwy EasleySouth Carolina 29640 | (864) 855-8336. Foothills Auto Credit Inc in Antique Car Dealers. 1457 Gentry Memorial Hwy EasleySouth Carolina 29640 | (864) 850-9925. Security Finance Corp in Banks. 225 S Pendleton St EasleySouth Carolina 29640 | (864) 859-4094. Cash 4U in Consumer Loans. 706 S Pendleton St EasleySouth Carolina 29640 | Action Pawn in Jewelry Stores.
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