Car Dependence
Basics
Driven to the Poorhouse: How Car Title Lenders Prey on Americans
The cheerful come-ons seem more cheesy than sleazy -- “Looking for a New Way to Borrow?” “Apply Now-Get Cash Today!” “Go From $0 to Cash in Less Than an Hour” -- but these are not the friendly offers of local diversified banks. They are the insidious pitches of companies that do one thing very well: make car title loans to Americans desperate for cash.
November 10, 2010