ATLANTA вЂ” Channel 2 customer adviser Clark Howard claims Georgians seeking to borrow secured on the worthiness of these car have to comprehend that the mortgage can come with a catch that is big it comes down from a name pawn business.
вЂњItвЂ™s hard because it makes me so angry,вЂќ Howard said for me to stay calm about this.
Howard stated individuals eager for cash frequently move to title companies that are pawn. These tiny dollar loans include big interest levels.
вЂњAlmost always at 300 %,вЂќ Howard stated.
Griffin resident Mark Walls told Channel 2 Action News he pawned the title for his 2007 Chevy Trailblazer that he didnвЂ™t have a choice when. After he was left by an accident struggling to work with 2 yrs, his credit plummeted.
вЂњI destroyed everything. It took such as for instance an and half to get social security started and income coming in year.