Fort Worth

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

By Yamil Berard

Editor’s note: One research suggests that the texan that is average about $40,000 with debt. Many of them dropped victim towards the money that is easy through automobile title loans, and that quantity is increasing. In 2013, Texans paid up to $360 million in charges to auto name companies — $53 million significantly more than in 2012. Your debt Trap is really a collaborative task by the Star-Telegram, WFAA together with Austin American-Statesman aimed at shining a light on loans that either assist the economically disadvantaged or devastate them, according to who you ask. Continue reading →