It’s actually NOT entrapment. It’s predatory lending designed to take advantage of desperate uninformed people that own their cars outright and have a clear title….
How do I get help with my same situation. In Texas. They did this exact same thing to me. I was told exactly the same thing they told him about my loan. I've paid about $10,000 on a $1,200 loan. They told me oh you can pay it off monthly. But to start I only asked for $200 loan and then they told me here is where you sign and your money will be on your card soon and that is all I was told.
It's designed as a 30-day, short-term loan. The interest only pays the company to hold your title for another 30 days to buy you time to pay off. Anything paid over the interest goes towards the principal and lowers it. Don't be greedy when told the amount that is offered - you don't have to take the whole thing. Get what you need - not what you want. Ask questions. Pay above the interest. It's just like a pawn shop - hence, "Title Pawn."
They did the same thing to me but this was in rincon ga right down the road from here it’s just legal loan sharking I had to get a loan from one main financial to pay it off and then I pay them back highly recommend doing that and report title max to bbb
I took out a title car loan here in Missouri and told them I needed a little more time to make a payment and wouldn't work with me at all. The loan I took out costed me more than the loan I took out. I would not recommend noone to ever go to them.
Think about read it? Really it’s a contract that will require a lawyer, nobody and I mean nobody sits and read that contract. When you in desperate need you not concern.
Oh man I let my older sis and her husband do this her 2020 Malibu broke down so many problems with that car she paid mechanics 4 thousand excuse my Language peace of shit car she put so much money let her do a loan my car find out she was doing late payments and boom car was gone the next day they wanted 3 thousand next thing they wanted 5 to get my car back
He doesn't sound dumb, he was desperate for money and it's Pages and pages of BS that no one is going to read when they have you sitting at that table and they literally sit there and tell you oh this is what this mean sign here. You would be there for a few hours signing paperwork and reading everything detail in a contact. They are known to be predatory in nature. So no TITLEMAX sounds dumb for continuing to break the law and keep getting fined 9,000,000 and 15,000,000 millions of dollars smh
