When it comes down to the ethics of the title loan industry in Georgia, there are arguments on both sides of the coin. Many feel as though the title loan companies are stealing from the poor, and lending them money at high rates and locking them into loans that they can not afford to repay, and eventually wind up loosing one of their most needed assets, their automobile. And there is also the other side of the fence that many see it as a great service to those which are considered to be collateral damage of a highly capitalistic society. If you ask anyone who has been saved by a title loan service, they would most certainly argue the latter. I am involved in the title loan Georgia industry, and I can tell you flat out, we help way more individuals than we harm. Many of our clients are bright, articulate, and well educated young entrepreneurs that are struggling to get their careers or start up companies off the ground. And on the flip side, the client is quite often a single parent that hit hard times through no fault of their own, and just need a small amount of quick cash to get them through a small storm. Either way, the service has benefited them immensely. A large part of the bad reputation which has been bestowed upon the title loan industry is from the high interest rates at which consumers are typically charged for the money which is being lent. Being involved in the industry, I can tell you now that one must need to understand. We are in no shape form or fashion becoming filthy rich off the backs of those that have fallen upon hard times. One must understand that there are a large amount of consumers that stick it to us in a bad way. We have many cases of consumers that we lend money on a car title, and they literally disappear, car and all. A few complete disappearances can literally wipe out a entire month of profit from a title loan company, and when I say disappear, I mean literally where we completely exhaust all efforts to locate the automobile, the borrower, or our four thousand dollars we lent on the automobile. So the next time you or someone you know looks at the Title loan Georgia industry, try to consider both sides of the transaction. If a borrower is honest, borrows the money, and works to make sure the money gets paid back, then the service can be a angel from above in an emergency, but just like everything else in life, there is always a element of individuals that put a service like this at great risk, and drive the prices for the service up for the rest of us. Consider for example how much less a department store could charge all of us for products if there were no such thing as shoplifting. Title Loan Georgia
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