The Debt Trap: Texans taken for a trip by auto-title loans | Fort Worth Star-Telegram

The Debt Trap: Texans taken for a trip by auto-title loans | Fort Worth Star-Telegram

Fort Worth

The Debt Trap: Texans taken for a trip by auto-title loans

By Yamil Berard

Editor’s note: One research implies that the texan that is average about $40,000 with debt. A number of them fell victim into the money that is easy through car name loans, and that quantity is increasing. In 2013, Texans paid up to $360 million in charges to automobile name businesses — $53 million significantly more than in 2012. Your debt Trap is really a project that is collaborative the Star-Telegram, WFAA while the Austin American-Statesman geared towards shining a light on loans that either assist the economically disadvantaged or devastate them, according to that you ask. Continue reading “The Debt Trap: Texans taken for a trip by auto-title loans | Fort Worth Star-Telegram”