The Financial Pain of an EasyPay Loan

Car repair lender teams up with TAB Bank to offer 189% interest rate loans

Andy Spears
2 min readAug 10, 2022


Photo by Laurel and Michael Evans on Unsplash

EasyPay Finance is making the news and not in a good way. 8 News Now in Las Vegas has noted that auto repair lender EasyPay is teaming up with Utah-based TAB Bank to offer predatory auto repair loans with rates up to 189%.

If you’re thinking about financing an auto repair loan, you may want to read the fine print. A Utah-based online bank was recently flagged by the National Consumer Law Center (NCLC) for issuing up to 189% interest in loans.

The company, EasyPay Finance, works in tandem with TAB Bank, which is based in Ogden, Utah. The bank offers financing through auto repair and tire shops across the country.

I’ve written before about EasyPay and TAB Bank and the predatory partnership that allows them to pilfer from desperate borrowers.

The story out of Nevada is just one more reminder: When you need a loan to cover the cost of an auto repair, stay away from EasyPay.

“A car repair can be a devastating expense, and financially fragile families don’t need predatory lenders amplifying the damage. EasyPay and its rent-a-bank partner TAB Bank are preying on people in a way that exploits the centrality of cars in American society. For most people, having a car that runs well is essential to their daily economic life and to managing a family,” said Elyse Hicks, Consumer Policy Counsel at Americans for Financial Reform.

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .