Interest in automobile name loans drives supply. “They made the guidelines up as they went,” Chalfant said.

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Tony Chalfant, of Newark, borrowed $300 from a regional car title loan company against their 2006 Ford Explorer per week before Christmas time. He had been three times later in repaying the amount of money together with finalized documents agreeing to a penalty, Chalfant stated. The fine, at first $100, quickly rose to $1,000, then… Read more »