Archive for the ‘Title Pawns’ Category

AVOIDING THE PAYDAY LOAN/TITLE PAWN TRAP

Unfortunately, many lower income consumers lack any type of savings or reserve to address an unforeseen expense or temporary reduction in come.  An auto repair of $400 can be an intimidating obstacle to someone who does not have any money …

TITLE PAWNS AND BANKRUPTCY: NEW CONCERNS FOR DEBTORS TRAPPED IN HIGH INTEREST LOANS

Recently, a Bankruptcy Judge in the Southern District of Georgia has determined that a Debtor in a Chapter 13 bankruptcy  cannot alter the terms of a title pawn transaction through a Chapter 13 repayment plan. A Chapter 13 bankruptcy …

AUTOMOBILE TITLE PAWNS AND BANKRUPTCY

Title pawns have become an ever-growing percentage of consumer debt, as they are marketed as a short-term “quick fix” to a budget deficit.  Presumably, these loans will allow the consumer to bridge the gap until payday, at which time the …