Michigan sets brake system on unlawful car name loans

Michigan sets brake system on unlawful car name loans

HIgh-risk automobile title loans hurt Michigan consumers.

Financially-troubled Michigan motorists whom looked to bad title loans for money might find some relief after action by their state Attorney General’s workplace.

Michigan Attorney General Bill Schuette has battled to end collections on unlawful car name loans wanted to Michigan customers from Liquidation, which does business as AutoLoans, Sovereign Lending Solutions, auto loan as well as other names.

Their state has stated these firms aren’t authorized to accomplish company in Michigan as a pawnbroker and even as a limited obligation business. Continue reading “Michigan sets brake system on unlawful car name loans”