Soldier Sues Title Lender, Claiming Abusive Practices

November 17, 2011
Atlanta Journal-Constitution 
car title lending news

soldier stationed at Fort Benning has filed a lawsuit against an Atlanta-based payday and title lending firm and a subsidiary alleging abusive and illegal practices. Staff Sgt. Jason Cox claims to have borrowed $3,000 from Alabama Title Loans, using his 2002 Dodge Durango as collateral. The lender, a unit of Community Loans of America in Atlanta, charged him an interest rate triple that permitted by the Military Lending Act, the complaint argues. The loan reportedly rolled over multiple times, and the debt quickly snowballed to $4,500 over several months. Cox was unable to stay on top of his payments, and the vehicle was repossessed in August from base housing on the Columbus-area Army post. The suit, filed on Veterans Day in U.S. District Court in Columbus, seeks class-action status.
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