The Car Was Repossessed, but the Debt Remains
“‘How am I still paying for a car I don’t have?’ she asked.
“For millions of Americans like Ms. Harris who have shaky credit and had to turn to subprime auto loans with high interest rates and hefty fees to buy a car, there is no getting out.”
Millions of Americans are shackled to high-interest auto loans after a subprime lending spree, and regulators fear the effect on the broader economy.
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