Meineke Named in New Report on Deceptive Auto Repair Financing Practices
Auto repair chains like Charlotte-based Meineke, and local repair shops nationwide are steering customers to predatory lenders engaged in deceptive and abusive practices, charging up to 189% APR WASHINGTON – A new, just-released report by the Stop The Debt Trap coalition finds auto repair shops across the country, including Meineke, headquartered in Charlotte, are offering predatory loans through EasyPay Finance and Transportation Alliance Bank (TAB Bank) that promise no interest if paid in 90 days but end up costing as much as 189% – even in states where an interest rate that high is illegal