Monthly Archives: December 2012

Auto title loans put borrowers’ wheels at risk: Plain Dealing

Associated press The payday loan industry is tempting cash-strapped Ohioans with an even riskier product: auto title loans. Consumers who cannot repay these expensive short-term loans could lose their car. Like payday loans, auto title loans have triple-digit annual percentage rates and fast payback times. Lenders make money by issuing a series of new loans to pay off old ones, ...

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