Organizations did not reveal skills for “Zero Percent” Loan provides
The Federal Trade Commission has brought action when it comes to time that is first two automobile name loan providers, reaching settlements that may need them to prevent their utilization of misleading advertising to advertise name loans.
A motor vehicle name loan is usually a high expense, short-term loan, guaranteed using the consumer’s vehicle title. The FTC charged that the companies advertised, both online and in print, zero percent interest rates for a 30-day car title loan without disclosing important loan conditions or the increased finance charge imposed after the introductory period ended in administrative complaints issued against two title lenders, First American Title Lending of Georgia, LLC, and Finance Select, Inc. Continue reading “In Very First FTC Matters Against Automobile Title Lenders”