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Pay $2,140 to borrow $950? That's how car title loans work ...
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by Bob Sullivan, Columnist, NBC News
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Desperate consumers who are out of borrowing options are using their automobiles as collateral and paying $3.5 billion a year in interest for the so-called "title loans," the Center for Responsible Lending said in a report issued this week. The average loan is $950, and borrowers...
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Is It Safe to get a Payday Loan or Cash Advance? We answer the most common questions about who can can actually apply for and get a payday loan advance.
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When it comes time for people to borrow money, there are many choices available . Borrowers can go to a bank for a traditional fixed or variable-rate loan, turn to pawnshops or payday lenders (though neither is a good idea apart from the most dire of circumstances), use credit cards, borrow from friends or family, or even turn to the web and specialized "social...
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