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A Car Title Loans May Not Be the Right Loan For You

cbsnews.com — Some states allow people to take out car title loans; short-term, high-interest loans using their cars as collateral. But as Mark Strassmann reports, borrowers too often default and end up losing their vehicles.

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  • threadmore, on 10/10/2007, -0/+1Really all of these loan products are just designed to further juice the people who can least afford it. It feels like something you'd see the mob do in a movie.

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