Rise in Loans Linked to Cars Is Hurting Poor
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2014 Dec 29, 3:50am 1,385 views 0 comments
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http://dealbook.nytimes.com/2014/12/25/dipping-into-auto-equity-devastates-many-borrowers/?_r=0
The automobile is at the center of the biggest boom in subprime lending since the mortgage crisis. The market for loans to buy used cars is growing rapidly.
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