May 2016

John Moore/Getty ImagesOne in 5 borrowers of one-time payment auto loans have their car or truck seized by the lender for non-payment of their debt.More than 4 out of 5 of these types of loans are renewed on their due date because…

A report released Wednesday by the federal Consumer Financial Protection Bureau found high rates of vehicle repossession and long-lasting debt within the auto title lending industry.Auto title loans are meant to…

Most borrowers who take out a one-time payment car title loan end up borrowing again because they can't afford to make the payment when due, according to a new federal study.That's why much of the auto title business comes from borrowers…

According to a report released Tuesday by the Consumer Financial Protection Bureau, payday loans aren't the only type of expensive consumer credit that starts out as a short-term financial fix but often turns into a financial trap.…