Re: Title Pawn vs Title Loan
so, were you given a contract and receipt that had terms of the deal written on it?
Oh, and they simply are not obligated to loan to you so they can always just say no to the loan or pawn in general.
Re: Title Pawn vs Title Loan
There is no distinction between title pawn and title loan. Both are designed to be short term and VERY HIGH INTEREST. It is not surprising you've not made a dent in the principal, that's the way these loans work. Your payments always go to accrued interest first.
The loan shark may or may not allow you to borrow additional on whatever equity remains in your vehicle.
You don't have a leg to stand on.
The only restriction these sharks have is a cap of $125 fee and 300% APR interest.
Re: Title Pawn vs Title Loan
Quote:
Quoting
Enkfsu
no one has ever told me.
No one has to tell you anything.
You're supposed to read and understand your contract before you sign it and take the money.