AUTO TITLE LOANS AND PAYDAY LOANS ARE ILLEGAL IN PENNSYLVANIA

Payday loans and Auto Title Loans are small extensions of credit at exorbitant triple digit interest rates. The interest rate on auto title loans start at about 120% APR. and go up from there. The interest rates on payday loans are even higher. Payday and auto title lenders are among the worst predatory lenders, but Pennsylvania has strong laws against usury which make all of these loans illegal here. The highest annual interest rate a non licensed lender can charge in Pennsylvania for a small consumer loan is 6% and the most a licensed lender can charge is about 25%.

|f you live in Pennsylvania and are stuck in a payday or auto title loan contact attorney Robert Salvin for help. I have represented many people in cases against payday and auto title lenders in which I have stopped collection, recovered over payments, and returned repossessed vehicle.