Learn Finds vehicle Title Loans Lead to vehicle Repossession for 1 in 5 Borrowers

Learn Finds vehicle Title Loans Lead to vehicle Repossession for 1 in 5 Borrowers

California Reinvestment Coalition Director of Community Engagement Liana Molina released the following statement in reaction to an innovative new report by the customer Financial Protection Bureau discovering that automobile title loans don’t work as advertised in most of borrowers, with one out of five borrowers having their vehicles repossessed by their loan provider. “This report shines a light in the murky, unscrupulous business of car-title financing. If any kind of industry seized the house of 1 in five of these clients, they might have already been turn off years back. Continuar lendo Learn Finds vehicle Title Loans Lead to vehicle Repossession for 1 in 5 Borrowers