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There is always the ongoing argument between the our leaders who make law as to weather the title pawn lending services is detrimental to low income consumers, and as to weather title pawn lending services is a value to lower income consumers to help them get through in a time of need. Drive down any city street of a suburban lower income part of a city in America, you can see title pawn companies lined up on almost every corner. Selling a monthly interest rate of 25% with a annual interest rate of 300%, it's doubtful that the title pawn companies are making a sweet profit off the of the average low income American consumer. Now on the other side of this issue we have the lower income consumer saying that although the rates may be a bit high, that they are very willing to pay the high interest rates in order to have access to small quick no credit check loans that are being serviced by the title pawn companies. Most low income consumers confirm that there are several instances for them that if it were not for the title pawn company lending them anywhere from $200.00 and in some cases up to $10,000.00, that quite often they would have incurred financial pitfalls were the not having the ability to obtain these loans would have cost them a great deal more than they would have ever lost in having to pay the high interest rates that is being charged by the title pawn companies. One customer divulged how having the ability to obtain a small loan of only twelve hundred dollars helped him and his family save their home from foreclosure, and another customer who received a small five hundred dollar loan which allowed him to pay his nephews truck payment that month, and kept his nephews truck from being repossessed. Choose the side of the coin to see the issue from, be it the side of the title pawn lender that is making a nice profit from the practice, or from the side of the customer that desperately needs a no credit check small loan to avoid a severe financial crash from destroying their family. Whichever side you see the issue from right now, it does seem as though there is a fair balance of benefit being shared from both sides. I have been managing a title pawn business for quite some time now, so I do find myself on the forefront of the industry. I can truly state that approximately eighty eight percent of my customers are delighted to have the service that I offer, and borrow from me on a regular basis, and for the most part pay on time every single month. Brent is heavily involved in the Title Loan Industry. He also manages the http://www.EZTitlePawn.com website Title Pawn
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