Car repair loans can charge extremely high interest
Consumer groups found that high-interest-rate loans were being offered in states that have lower interest rate caps.
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Consumer groups found that high-interest-rate loans were being offered in states that have lower interest rate caps.
Consumer groups found that high-interest-rate loans were being offered in states that have lower interest rate caps.
New research reveals how costly car repairs are now ballooning into a new form of predatory lending. And just like other forms of financial exploitation, consumers are feeling duped and deceived about related costs and the length of time it takes to pay off these bills.
Consumer Reports writes today: Auto repair shops affiliated with well-known brands—including AAMCO, Big O Tires, Grease Monkey, Jiffy Lube, Meineke, Midas, and Precision Tune Auto Care—are steering unsuspecting customers into loans charging up to 189 percent interest, according to a...
Auto repair shops throughout the country, including major auto repair companies, are steering struggling consumers into deceptive, high cost loans with lasting impacts