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 frequently marketed with much fanfaronade, as though the name loan provider is involved with 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 small print? The FTC thought therefore, and filed suit against two Georgia title lenders early year that is last. The Federal Trade Commission has taken action against someone in our industry in fact, it’s the first and only time. Let’s digest why the FTC intervened, just just exactly what strings had been connected, why name loan providers provide this type of deal, therefore the place First Selection Title assumes on this financing training. Continue reading “The Deceptive Practice of 30 Day Interest Free Title Loans”