Sunday, August 10, 2008

Car title loans snare victims at 300% rates (The Kansas City Star)

Rosa Mobley never imagined her debts would swell so large. There were times when the 66-year-old widow, who struggles by on Social Security and her pension as a school crossing guard in Chicago, fell behind on her gas, electric and mortgage payments. But she always tried to pay something toward her auto title loan, since she feared losing the car that has given her freedom.

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