How to Start a Car Title Loan Business-Not

By | Jun 7, 2015

Six People Accused of Conspiring to Commit Loan-Sharking Involving Car Title Loans How Not to Start a Car Title Loan Company A multi-agency investigation has resulted in charges against six people for allegedly conspiring in an extensive car title loan scheme that allegedly defrauded unsuspecting consumers out of thousands of dollars each. Many affected consumers also lost […]

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Payday and Car Title Loans

By | May 17, 2015

TEXAS CREDIT ACCESS BUSINESS PAYDAY LOANS & CAR TITLE LOANS Filing Criminal Charges Against Consumers Under Section 393.201(c)(3) of the Texas Finance Code, a contract between a consumer and a credit access business (CAB) offering payday or car title loans must state that “a person may not threaten or pursue criminal charges against a consumer […]

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Car Title Loan Biz for Sale

By | Apr 28, 2015

California Title-Finance Company Business For Sale – LA County: Asking Price $ 3,900,000 Includes about $ 2,000,000.00 in loan Portfolios Over 30 Title Loan Locations Throughout Southern California 3 Pawn License included in the asking Price Potential to increase revenue by adding more accounts and remote lending outside of California * Rated A+ by Better […]

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PEW Car Title Loan Report

By | Mar 25, 2015

Here’s the latest PEW Report on car title lenders and consumers. Of course, PEW takes pot shots at the industry and embraces a cynical evaluation of the car title loan product. However, don’t dismiss the numbers behind their madness. (Be sure to review the bottom of this Post where I’ll reveal the number of participants […]

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Car Title Loan Lenders Settle with Federal Trade Commission

By | Jan 30, 2015

Whatever your car title loan, payday loan, installment loan business… practices are, DISCLOSE THEM fully and simply. Do not deceive your customers or your employees. Car Title Loan Stores  Settle Charges They Deceptively Advertised the Cost of Their Loans.  Businesses Failed to Disclose Qualifications for “Zero Percent” Loan Offers. The Federal Trade Commission has taken action […]

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