Political Factoid
Each year, a million consumers
become so desperate
... that they succumb to
the aggressive late-night
television ads
... in order to borrow an
average of $950 from
"car title lenders"
(a.k.a. loan sharks)
... by putting their
automobiles up as
collateral and paying
25 percent interest*
... "per month."
* |
25% per month = over 1455% API (per year)
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