Jan
16
can somebody help me or let me know why this is allowed? help will be grateful
Filed Under Personal Finance
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
Comments
One Response to “can somebody help me or let me know why this is allowed? help will be grateful”
Leave a Reply
GILBERTO
Those are terrible and I don’t know how they are legal. Maybe consult a free legal adviser, every state has one.