WARNING: Georgians taking right out high interest loans that may cost them their automobile

WARNING: Georgians taking right out high interest loans that may cost them their automobile

ATLANTA — Channel 2 customer adviser Clark Howard claims Georgians seeking to borrow on the worth of these automobile need to comprehend that the loan can come with a big catch if it comes down from a name pawn business.

“It’s hard because it makes me so angry,” Howard said for me to stay calm about this.

Howard stated individuals in need of cash frequently look to title pawn organizations. These little dollar loans include big rates of interest.

“Almost always at 300 per cent,” Howard stated.

Griffin resident Mark Walls told Channel 2 Action News he pawned the title for his 2007 Chevy Trailblazer that he didn’t have a choice when. Continue reading “WARNING: Georgians taking right out high interest loans that may cost them their automobile”