Were You Nailed By An Auto Title Loan Lender? Here’s What You Can Do Now

There have been myriad abuses in the auto loan business in recent years. People desperate to buy cars that were in short supply during COVID were often taken advantage of by dealers and financers.

Auto loans are the third-largest category of outstanding debt, after mortgages and student loans, according to the Federal Reserve. In recent years, the cost of vehicles has skyrocketed, leading to increased borrowing. Many owners have also taken out loans against vehicles they owned, often at sky-high rates of interest.