CFPB Finds One-in-Five Car Title Loan Borrowers Have Actually Vehicle Seized for Failing Continually To Repay Financial Obligation

CFPB Finds One-in-Five Car Title Loan Borrowers Have Actually Vehicle Seized for Failing Continually To Repay Financial Obligation

Majority of car Title Loan Business Comes From Borrowers Stuck In Debt for Almost all of the 12 months

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a study discovering that one-in-five borrowers who sign up for an auto that is single-payment loan have actually their vehicle seized by their loan provider for neglecting to repay their financial obligation. Continuer la lecture de « CFPB Finds One-in-Five Car Title Loan Borrowers Have Actually Vehicle Seized for Failing Continually To Repay Financial Obligation »