The Deceptive Practice of 30 Day Interest Free Title Loans

The Deceptive Practice of 30 Day Interest Free Title Loans

You’ve most likely heard or seen the commercials, “Interest Free For thirty days!” It’s usually marketed with much fanfaronade, as though the name loan provider is taking part in philanthropy, while small else is mentioned in regards to the offer. Could there be some ulterior motive behind advertising this type of deal without disclosing the print that is fine? The FTC thought therefore, and filed suit against two Georgia title lenders early a year ago. The Federal Trade Commission has taken action against someone in our industry in fact, it’s the first and only time.

Read More