DealBook: Dipping Into Auto Equity Devastates Many Borrowers

http://dealbook.nytimes.com/2014/12/25/dipping-into-auto-equity-devastates-many-borrowers/?partner=rss&emc=rss

With a crackdown on payday lenders, subprime borrowers are increasingly using auto title loans, whose high interest rates can lead to repossession and financial ruin.

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