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Single-Payment Car Title Loans Can Lead to Long-Term Debt

Wednesday, May 18, 2016
Ann Carrns | The New York Times
Delvin Davis

Delvin Davis, senior research analyst at the Center for Responsible Lending, said even a high-interest credit card might be a better option than a car title loan. “I would avoid them at all costs,” he said. “Once you are into it, it’s hard to get out of it.”