Single-payment car name loans are gateway to difficulty, report suggests

Single-payment car name loans are gateway to difficulty, report suggests

Richard Cordray, manager for the customer Financial Protection Bureau, testifies at a hearing because of the Senate Banking, Housing and Urban Affairs Committee. (Picture: Alex Wong, Getty Images)

Borrowers whom remove single-payment loans guaranteed by the games on the autos usually find yourself mired in debt, according to a brand new analysis that is federal for launch Wednesday. Continue reading “Single-payment car name loans are gateway to difficulty, report suggests”