Pay check and label loan providers provide a way to get money fasting — put-up the title on your cars as guarantee understanding get a few hundred funds. The capture? The annual percentage rate, or APR, can be very high, meaning you find yourself having to pay far more than we took.
Utah hosts the highest rates in the usa, and a brand new state from ProPublica info just how numerous people exactly who neglect to maintain money get also ended up in jail. (more…)