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Instead, Pew says, it would let payday lenders keep charging triple-digit interest rates while making it harder for banks to offer better, cheaper alternatives. Pew has proposed its own rule that would restrict short-term loans, but would encourage longer-term loans that are easier to repay.
Auto Title Loans. To get around the restrictions on payday lending, some lenders offer auto title loans instead. However, this so-called alternative which is illegal in about half the states in the country is really just a payday loan in disguise.
When you take out an auto ambank personal loan interest rate 2017 loan, the lender examines your car and offers you a loan based on its value.
Typically, you can get up to 40 of the cars value in cash, with 1,000 being the average amount.
MSI Lending Inc. 271 W Short St Ste 308 Lexington, KY 40507. From Business: MSI Lending is a mortgage company that offers real estate and home loans for purchase and refinance. It provides a variety of loans that span from a period of six… 29. Lexington Investment Co. 128 Kentucky Ave Ste 112 Lexington, KY 40502.
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