Borrower Nightmares: $700 fee that is dormitory family its car

Mildred Morris, a mother that is single western Virginia, destroyed her vehicle after deploying it to secure a $700 title-loan to pay for her son’s freshman university dorm cost. Amy Biegelsen/Center for Public Integrity

Auto-title loans will be the credit of last resource, but they are terms fair to borrowers?

Introduction

Concerning this task – Borrower Nightmares

To mark the July 21 launch of this customer Financial Protection Bureau, iWatch Information is stories that are publishing borrowing nightmares: People in america from different parts of society whom borrowed cash with terms they didn’t understand and couldn’t pay for.
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