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Bill could offer borrowers who pawn cars better opportunity to get name straight back

The Georgia Senate is considering a bill that will cap interest levels charged on automobile name pawns at 36% to clamp straight straight down regarding the last-ditch loans that often leave individuals stuck in a period of monthly obligations that barely placed a dent into whatever they owe.

With bipartisan backing and Senate Finance Committee Chairman Chuck Hufstetler as being a sponsor of Senate Bill 329 , customer advocates like Georgia Watch are positive about its likelihood of becoming legislation. For many years, the nonprofit fought to close a few of the title lending loopholes that let businesses effortlessly charge just as much as a 300% rate of interest on pawn loans. Прочитать остальную часть записи »

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