Rise in Loans Linked to Cars Is Hurting Poor. Obscene. The - TopicsExpress

Rise in Loans Linked to Cars Is Hurting Poor. Obscene. The automobile is at the center of the biggest boom in subprime lending since the mortgage crisis. The market for loans to buy used cars is growing rapidly. And similar to how a red-hot mortgage market once coaxed millions of borrowers into recklessly tapping the equity in their homes, the new boom is also leading people to take out risky lines of credit known as title loans.

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