Car Title Loans Research Paper
Why car title loans are a bad idea
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Cash advances are not a new concept in America's brand of capitalism. Many people have seen the commercials with some guy barking out, "Bad credit, no credit, no problem!" Or, "Don't worry about credit, I own the bank!"
Anytime some guy is telling you he owns the bank, run.
Even though these lenders have been around for a while, signing your car over for a high-interest loan has become a serious financial issue.
For those of you who are unfamiliar with the concept of car title loans, allow us to explain.
At times, the best of us get strapped for cash; we may have no credit or bad credit (just like they say in the commercials), which keeps us from getting small loans from a bank or some other more traditional
.
Cash advances are not a new concept in America's brand of capitalism. Many people have seen the commercials with some guy barking out, "Bad credit, no credit, no problem!" Or, "Don't worry about credit, I own the bank!"
Anytime some guy is telling you he owns the bank, run.
Even though these lenders have been around for a while, signing your car over for a high-interest loan has become a serious financial issue.
For those of you who are unfamiliar with the concept of car title loans, allow us to explain.
At times, the best of us get strapped for cash; we may have no credit or bad credit (just like they say in the commercials), which keeps us from getting small loans from a bank or some other more traditional