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Managing Payday and Title Loans in Michigan

Michigan Title Loan Restrictions

While you might genuinely believe that some guidelines – similar to your curfew in senior school – are extremely restrictive, Michigan’s laws and regulations protecting its residents from predatory title practices that are lending in location for an explanation. Don’t believe us? Just ask the 60+ those who lost their automobiles within the Liquidation LLC fiasco, or speak to the number of hundred more have been swindled away from 1000s of dollars.

Just Just Just Take Heather Sheldon, for instance. She took away a $1,500 title loan from a Liquidation LLC affiliate called Autoloans. After agreeing allowing the organization to position a GPS in her own vehicle in order to make repossessing it easier, and right after paying $320 a for 11 months (that’s $3,520 paid on a $1,500 loan in under a year, folks), autoloans hit her with a $2,500 balloon payment month. 続きを読む »

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