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CHARLENE CROWELL: Car-title loans: $3.6 billion in Interest Paid on $1.6 … – Sacramento Observer

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Sacramento Observer

CHARLENE CROWELL: Car-title loans: $3.6 billion in Interest Paid on $1.6 ...
Sacramento Observer
The car-title loan uses a borrower's personal vehicle as collateral and additionally charges triple-digit interest rates, like those of payday loans. And similar to payday loans, the typical car-title loan requires full repayment in just one month ...

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