New Hampshire Legal Assistance

Helping to balance the scales of justice for everyone since 1971.

NHLA advocates for strong lending protections

NHLA joined with hundreds of other organizations around the country urging the Consumer Finance Protection Bureau to stop the payday and car title lending debt trap once and for all. 

Here in NH, car title lenders can charge interest up to 300 percent without analyzing the consumer’s ability to repay the loan.

Click here to read our full comment letter, including stories from New Hampshire consumers about their experiences with high-interest title loans that wreak devastation on families' budgets and their lives. 

New Hampshire has extremely limited transportation options, and access to a vehicle is essential for transportation to work, school, medical appointments and the basic activities of daily living. We are not surprised when clients tell us they would rather be evicted than have their cars repossessed, because while you can live in a car, you cannot drive an apartment to work. Consumers who cannot afford the triple-digit interest rates on vehicle title loans can easily end up having no choice but to divert money away from necessities like rent. 

We’ve asked the CFPB to make sure that every car title loan is based on ability to repay, with no exceptions.