Car title loans can be very expensive and the fee can be a lot – sometimes as much as 25% of the amount they borrow.
Consumers might not be able to pay the lender when the money is due. The lender might let them borrow the money for another 30 days. This is called a “rollover,”
If the consumer rolls over the loan several times, they might pay a lot to borrow the money. Eventually, they might not be able to repay the lender. If the consumer can't repay the money they owe, the lender can take their vehicle. If the lender takes the consumer's car, they might lose their only transportation. This could make it hard to get to work, school and other places they need to go.
The free consumer organization
Bad Credit MD, is a free On-line consumer information guide that helps people with credit problems in the state of Wisconsin in the cities of Milwaukee, Washington, Waukesha, Madison, Green Bay, Kenosha, Racine, Appleton, Outagamie, Winnebago, Waukesha, Oshkosh, Eau Claire, West Allis, Janesville, La Crosse, Sheboygan, Wauwatosa, Fond du Lac, Brookfield, Wausau, New Berlin, Beloit, Greenfield, Manitowoc, Franklin, Oak Creek, West Bend, Superior, Stevens Point, Neenah, Mequon, Watertown, Jefferson, Muskego, South Milwaukee, De Pere, Fitchburg, Sun Prairie, Marshfield, Wood, Wisconsin Rapids, Cudahy, Menasha, Winnebago, Middleton, Beaver Dam, Menomonie, Onalaska, Whitewater, Walworth, Glendale, Kaukauna, Chippewa Falls, Two Rivers, River Falls, St. Croix, Oconomowoc, Stoughton, Pewaukee, Marinette, Fort Atkinson, Cedarburg, Waupun, Hartford, Washington, and Monroe.
Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge. Consumers can learn more about "Bad Credit MD" by visiting http://www.badcreditmd.com.