Land of the Debt Serf — How ‘Auto Title Loan’ Companies are Ruthlessly Preying on America’s Growing Underclass

1-Dees - financial collapse Short-term lenders, seeking a detour around newly toughened restrictions on payday and other small loans, are pushing Americans to borrow more money than they often need by using their debt-free autos as collateral. Their hefty principal and high interest rates are creating another avenue that traps unwary consumers in a cycle of debt. For about 1 out of 9 borrowers, the loan ends with their vehicles being repossessed. http://libertyblitzkrieg.com/2015/06/08/land-of-the-debt-serf-how-auto-title-loan-companies-are-ruthlessly-preying-on-americas-growing-underclass/

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