It’s actually NOT entrapment. It’s predatory lending designed to take advantage of desperate uninformed people that own their cars outright and have a clear title….
@YKDATRUTH whenever I do a loan I explained perfectly how the loan works. I take out a calculator and sticky note and write down how much money they have to pay back in 30 days or how much money they pay back if they only make payments through out the loan. Also what would happen they default the loan. I I'll asked them how much they actually they need and encourage them to get that and not to get any unnecessary extra money. I do all of this before printing or signing anything. If they choose to get the loan after I explained them how much it's going to cost then why would I feel any type of way. Some customers walk away and thank Mr for being honest and some go through with the loan.
How do I get help with my same situation. In Texas. They did this exact same thing to me. I was told exactly the same thing they told him about my loan. I've paid about $10,000 on a $1,200 loan. They told me oh you can pay it off monthly. But to start I only asked for $200 loan and then they told me here is where you sign and your money will be on your card soon and that is all I was told.
They did the same thing to me but this was in rincon ga right down the road from here it’s just legal loan sharking I had to get a loan from one main financial to pay it off and then I pay them back highly recommend doing that and report title max to bbb
Think about read it? Really it’s a contract that will require a lawyer, nobody and I mean nobody sits and read that contract. When you in desperate need you not concern.
I took out a title car loan here in Missouri and told them I needed a little more time to make a payment and wouldn't work with me at all. The loan I took out costed me more than the loan I took out. I would not recommend noone to ever go to them.
It's designed as a 30-day, short-term loan. The interest only pays the company to hold your title for another 30 days to buy you time to pay off. Anything paid over the interest goes towards the principal and lowers it. Don't be greedy when told the amount that is offered - you don't have to take the whole thing. Get what you need - not what you want. Ask questions. Pay above the interest. It's just like a pawn shop - hence, "Title Pawn."
Oh man I let my older sis and her husband do this her 2020 Malibu broke down so many problems with that car she paid mechanics 4 thousand excuse my Language peace of shit car she put so much money let her do a loan my car find out she was doing late payments and boom car was gone the next day they wanted 3 thousand next thing they wanted 5 to get my car back
He doesn't sound dumb, he was desperate for money and it's Pages and pages of BS that no one is going to read when they have you sitting at that table and they literally sit there and tell you oh this is what this mean sign here. You would be there for a few hours signing paperwork and reading everything detail in a contact. They are known to be predatory in nature. So no TITLEMAX sounds dumb for continuing to break the law and keep getting fined 9,000,000 and 15,000,000 millions of dollars smh
It’s actually NOT entrapment. It’s predatory lending designed to take advantage of desperate uninformed people that own their cars outright and have a clear title….
Avoid Titlemax with passion. I had a job offer for a Regional manager, I turned it down so I can sleep at night and look in the mirror, proud.
I been working for one and i sleep perfectly
@@19ANDRESSANCHEZOf Sanchez you have no integrity.
@YKDATRUTH whenever I do a loan I explained perfectly how the loan works. I take out a calculator and sticky note and write down how much money they have to pay back in 30 days or how much money they pay back if they only make payments through out the loan. Also what would happen they default the loan. I I'll asked them how much they actually they need and encourage them to get that and not to get any unnecessary extra money. I do all of this before printing or signing anything. If they choose to get the loan after I explained them how much it's going to cost then why would I feel any type of way. Some customers walk away and thank Mr for being honest and some go through with the loan.
Title max needs to be stopped
Title as needs to be sued out of existence
How do I get help with my same situation. In Texas. They did this exact same thing to me. I was told exactly the same thing they told him about my loan. I've paid about $10,000 on a $1,200 loan. They told me oh you can pay it off monthly. But to start I only asked for $200 loan and then they told me here is where you sign and your money will be on your card soon and that is all I was told.
They did the same thing to me but this was in rincon ga right down the road from here it’s just legal loan sharking I had to get a loan from one main financial to pay it off and then I pay them back highly recommend doing that and report title max to bbb
Im sure people know of the contract they just don’t think when they need the money then cry later. It looks clear in the contract it ese for a month
How do you get this done
Read and understand the agreement
My isn't even going towards the interest. Not even the principle
GET EVERYTHING IN WRITING!! AND READ EVERYTHING!
Think about read it? Really it’s a contract that will require a lawyer, nobody and I mean nobody sits and read that contract. When you in desperate need you not concern.
I am going thou the same thing
I took out a title car loan here in Missouri and told them I needed a little more time to make a payment and wouldn't work with me at all. The loan I took out costed me more than the loan I took out. I would not recommend noone to ever go to them.
second mistake, not reading your contract
Who owns title max?
It's a company not sole owner
said i qualified for like 1600 or some crap said I only wanted 5 or 600..Says ok.... Ends up giving whole 1600. Screw them.
It's over a 200% profit for them
Tittle max you pay 100 more then you own it sucks
first mistake, you went to a strip mall looking for a loan
It's designed as a 30-day, short-term loan. The interest only pays the company to hold your title for another 30 days to buy you time to pay off. Anything paid over the interest goes towards the principal and lowers it. Don't be greedy when told the amount that is offered - you don't have to take the whole thing. Get what you need - not what you want. Ask questions. Pay above the interest. It's just like a pawn shop - hence, "Title Pawn."
They don't find you. They build the business and you end up needing them or they are the only place you can go. Not entrapment
Definitely deceptive deals
Duhh😂😂😂😂
Just stop paying.
Why does he need help with child care? Where is the child’s momma? Title Loans are terrible.
She probably works too. Mine your business
Oh man I let my older sis and her husband do this her 2020 Malibu broke down so many problems with that car she paid mechanics 4 thousand excuse my Language peace of shit car she put so much money let her do a loan my car find out she was doing late payments and boom car was gone the next day they wanted 3 thousand next thing they wanted 5 to get my car back
Don’t let your family do this anyone advice if you nowadays everything is so expensive barleys make ends meet this sucks say no in a good way
ask him, how many pairs of shoes he's bought in the past year
I hate this loan shark company scumbags
why not sell the lexus straight out... you cant afford it ,let it go
Why not click on another video instead of making weird comments
He didn't read the contract. I had a title max loan and paid it off and got my title. He sounds dumb. Ijs
He doesn't sound dumb, he was desperate for money and it's Pages and pages of BS that no one is going to read when they have you sitting at that table and they literally sit there and tell you oh this is what this mean sign here. You would be there for a few hours signing paperwork and reading everything detail in a contact. They are known to be predatory in nature. So no TITLEMAX sounds dumb for continuing to break the law and keep getting fined 9,000,000 and 15,000,000 millions of dollars smh
People get these loans because their desperate. I got one and I've paid triple. What the loan wad. And I still haven't got it paid off
This place is a rip off. Bunch of theives