TitleMax Demands High-Interest Payments From Borrowers in Bankruptcy
In Georgia, borrowers looking to alleviate debt through Chapter 13 bankruptcy can’t escape their high-interest title pawns thanks to a legal loophole that TitleMax helped secure.
Local Reporting Network
How We Measured the Title Lending Industry in Georgia
No statewide agency monitors Georgia’s high-interest title lenders, so we used a variety of data sources to reveal the scope of the industry and its impact on customers who file for bankruptcy.
Local Reporting Network
The Powerful Forces Keeping High Interest Title Lending Alive in Georgia
TMX Finance and Select Management Resources, the owners of two major title lending brands, have been cozying up to Georgia lawmakers in a position to bottleneck industry reform.
Local Reporting Network
Consumer Financial Protection Bureau Fines TitleMax $15 Million for Predatory Lending
The federal consumer watchdog group says the Georgia-based company intentionally evaded laws meant to protect military families from predatory lenders.
Local Reporting Network
Inside the Controversial Sales Practices of the Nation’s Biggest Title Lender
Former TitleMax store managers told ProPublica and The Current about how they were trained to keep customers unaware of the true costs of their title pawns. When they were more transparent, they faced repercussions.
Local Reporting Network
How Title Lending Works
Title lenders in the U.S. often use predatory practices to trap customers in high-interest loans, ProPublica recently reported. This guide will help you understand how title lending works and what your options are if you’re stuck in a contract.
Local Reporting Network
How Title Lenders Trap Poor Americans in Debt With Triple-Digit Interest Rates
For some Georgia residents, title pawn contracts offer a quick way to obtain desperately needed cash. But poor regulation of a confusing system traps many borrowers in high-interest debt they can’t pay off.
Local Reporting Network