Winthorpe T asked:
I know someone who has fallen into the trap of logbook loans. I was wondering how come they don’t need a credit consumer license? How do they get away with charging such high rates of interest? Will my friend have to give up her car or does she have any rights? Any advise on what she should do? Anything would be useful. She needs the car.
EDGAR
I know someone who has fallen into the trap of logbook loans. I was wondering how come they don’t need a credit consumer license? How do they get away with charging such high rates of interest? Will my friend have to give up her car or does she have any rights? Any advise on what she should do? Anything would be useful. She needs the car.
EDGAR

GILBERTO
Those are terrible and I don’t know how they are legal. Maybe consult a free legal adviser, every state has one.
Comment by hannah — January 19, 2010 @ 6:36 am