Monthly Archives: December 2014

Do we need car title loans with 200% annual interest?

Michigan pawnbrokers are unlikely allies with advocates for low-income families to block proposed legislation that would allow some high-cost car title loans in Michigan. A Senate bill, sponsored by outgoing Senate Majority Leader Randy Richardville, R-Monroe, would allow consumers to borrow money against their car titles, while keeping the car, and see charging a fee of 20% per month – ...

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