Single-payment car title loans lead long-term debt, Most borrowers who take out a single-payment car title loan end up borrowing again because they can’t afford to make the payment when it’s due, new federal research shows. that’s why much auto title business comes from borrowers who end up taking out multiple loans in a row and remain in debt.
Ten companies agree cut ties “title loan” business, Buffalo, n.y. (wivb)-thursday, the new york attorney general has convinced 10 repossession businesses to cease working with title loan companies. some practices by these types of so-called “predatory” loan companies have cost some borrowers to have their vehicles repossessed..
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