LoanStar Title Loans has dozens of storefronts like this one, in Grand Prairie, where a $600 loan will cost more than $1,600 to pay back. LoanStar's parent company, Wellshire Financial Services, took ...
A version of this story ran in the March / April 2021 issue. Last spring, Federal Cash Advance of Oklahoma, LLC raked in nearly $1 million in a single transaction. That money came from the federal ...
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Texas drivers have been beating a path to the money store, taking out and refinancing millions of auto title loans; 1,165,455 of them in 2012; 1,242,911 of them in 2013. For some, getting out of title ...
A car title loan is a fast way for credit-challenged individuals to obtain the short-term cash they need. To secure a car title loan with TitleMax in the state of Texas an individual must have a clear ...
Credit counselors say North Texas families in financial distress often turn to emergency loans, including payday and title loans, only to find that short-term lenders are often unwilling to help them ...
About one in five drivers who take out a title loan ultimately have their vehicle seized by the lender, federal regulators said Tuesday when issuing a report on the high-cost, short-term lending ...
In Texas, there are more than 1,900 stores selling payday and title loans, which carry fees and interest between 200% and 500% APR. In many are structured in a way that makes them difficult to pay ...
An Arlington City Council committee is looking into potential regulations on payday lending and car title loan businesses, whose practices have drawn fire from some consumer advocates. The focus is on ...
Cash-strapped consumers are being shown a new place to find money: their driveways. Short-term lenders, seeking a detour around newly toughened restrictions on payday and other small loans, are ...
Car title loans may sound like a good way to get some cash, using the title of your car as collateral, but they can include conditions that get borrowers into financial trouble. Need money fast?
On January 1, Democratic candidate for Texas House District 123 Melissa Aguillon reported a $10,000 campaign contribution from renowned auto title lender and political contributor Rod Aycox, who runs ...