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CFPB Finds One-in-Five Car Title Loan Borrowers Have Actually Vehicle Seized for Failing Woefully To Repay Financial Obligation

CFPB Finds One-in-Five Car Title Loan Borrowers Have Actually Vehicle Seized for Failing Woefully To Repay Financial Obligation WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a study discovering that one-in-five borrowers who sign up for a auto that is single-payment loan have actually their vehicle seized by their loan provider for failing woefully to repay their financial obligation. Based on the CFPB’s research, significantly more than four-in-five among these loans are renewed your day these are generally due because borrowers cannot manage to repay al...
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