TitleMax is thriving in Missouri — and repossessing lots and lots of automobiles in the act

Rob VanderMyde, A titlemax that is former store, poses for a portrait outside a TitleMax shop on Wednesday, Sept. 16, 2015, in Crystal City, Mo. Picture by Chris Lee.

Lawrence Perry understands he should closely have read more before he finalized.

Behind on a few bills, Perry, 62, who lives on Social protection impairment re re re payments, decided he required a loan that is quick. He’d seen lots of adverts and storefronts for TitleMax, so in June, he decided to go to a store on North Grand Boulevard and took down a $5,000 https://speedyloan.net/personal-loans-va loan. He said a shop worker told him pay that is he’d $7,400 over 2 yrs.

While he’d quickly understand, $7,400 had been the finance cost. (more…)

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