Report: High-interest lenders have actually circumvented Arizona’s ban by moving to auto-title loans

Report: High-interest lenders have actually circumvented Arizona’s ban by moving to auto-title loans

High prices can make a financial obligation trap for customers whom battle to settle payments and sign up for pay day loans.

High-interest loan providers have actually circumvented an Arizona ban on pay day loans by migrating to loans that are auto-title including those where borrowers do not possess their cars, a report critical for the training has found. Read more