Miller: Enact “Car-Title Loan” Legislation

Miller: Enact "Car-Title Loan" Legislation Attorney General warns customers -- and lawmakers -- about car-title loans: "there is absolutely no justification for such astronomical interest levels. " DES MOINES. Attorney General Tom Miller today cautioned customers to prevent car-title loans, which charge exactly just exactly what he called "astronomical and interest that is unjustified. " "Car-title loans are incredibly costly they just drive lots of people deeper into financial obligation, " Miller stated. "together with that, they pose the major risk of causing individuals to lose their cars too. " Miller additionally had an email 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 a car as security. There's absolutely no reason for such astronomical interest levels. The Legislature should prohibit such abusive and unconscionable prices for car-title loans. " (更多…)...
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