You’ve most likely heard or seen the commercials, “Interest Free For thirty days!” It’s usually marketed with much fanfaronade, as though the title loan provider is associated with philanthropy, while little else is mentioned concerning the offer. Could there be some ulterior motive behind advertising this kind of deal without disclosing the terms and conditions? The FTC thought therefore, and filed suit against two Georgia title lenders early year that is last. In reality, it is the very first and just time the Federal Trade Commission has brought action against somebody within our industry. Let’s digest why the FTC intervened, exactly just just what strings had been connected, why name loan providers provide this kind of deal, while the place First preference Title assumes on this financing training. Continuar leyendo «The Deceptive Practice of 30 Day Interest Free Title Loans»
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