Vehicle Title & Payday Lending Problems
Our scrap vehicle buyer is on hand to quote you a price to junk my car for cash in Middlefield, University Heights, and Richmond Heights. Are you considering scrapping your old car? The first step is to contact us for a price for a damaged car throughout Pepper Pike, Euclid, or Garfield Heights. Those in Eastlake and Twinsburg should give us a call for a junk car quote and we will send out a tow truck to complete the scrap my car process. The value of a scrap car is zero if you keep it sitting around in your yard. Don’t be a loser—scrap that old car in Lakewood, Linndale Village!
A recent story found in the Philadelphia Tribune at this link has updated efforts to combat predatory lending practices involving automobile title loans. Many of the title loan outfits are veterans from the payday loan industry known for charging interest rates of up to 300%. In response to legislation that has curtailed the payday industry’s practices many have found a niche in title loans. The Consumer Financial Protection Bureau has long been leading the way in exposing these almost fraudulent loan products. The Center for Responsible Lending says that these loan companies are essentially using their financial products in the “exploitation” of financially troubled individuals”. In Congress currently there is a Protecting Consumers’ Access to Credit Act, this is composed of House #3299 & Senate #1624. This pending legislation is intended to protect consumers from predatory loans; meanwhile, over a dozen states are currently in the process of taking similar actions at their level.
As with all of the scrap and junk my car locations in Ohio, you MUST have the vehicle title and a matching ID in cities including Newburgh Heights, Collinwood, Sagamore Hills. Are you attempting to determine the price for a damaged car that we can offer in Middleburg Heights, Glenwillow, or Parma? How do I find out how to scrap my car in Beachwood, Bedford Heights, or Bratenahl? No need to look further than Cash 4 Cars Cleveland. There are various factors that have significant influence on the value of a scrap car in Mantua, Moreland Hills, or Chagrin Falls, OH.
