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The installment loan comes with legal recourse for the lender unlike title loans.

The installment loan comes with legal recourse for the lender unlike title loans. A loan provider can visit court and get a judgement up against the debtor over nonpayment, whereas having a name loan, the recourse that is only to repossess the car and desire to make the cash back. Charles Lee associated with the Mississippi Center for Justice stated the installment loan is not any better for a customer than an online payday loan or a name loan simply because...

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