Woman’s car repoed, sues lender over 371% APR


Story covering a lawsuit against an auto title lender who allegedly charged a 371 percent APR.
News Story (Ohio)

John Matarese
WKBW (Buffalo) (local ABC affiliate)
June 7, 2015
Full story

Tags: Benefits of Legal Aid, Consumer Protection, Predatory Lending

Organizations mentioned/involved: Legal Aid Society of Southwest Ohio (LASSWO)


DETAILS

Payday loans….title loans in some states. Either way, they can be very costly.

An auto title lender is being sued, for allegedly charging a woman thousands of dollars in interest for a small loan, and then repossessing her car when she fell behind.

The Legal Aid Society filed the suit on behalf of 61 year Ruby Williams.