May 1, 2014
I got an auto title loan for $2,100 to cover my brother’s funeral expenses. I rolled it over 10 times and ended up paying about $5,000. I had to rob Peter to pay Paul, pawning my computer and all my jewelry, everything. I am on a fixed income and was paying about $430 per month and another $130 for some sort of insurance, leaving me with very little for the rest of the month. My advice to people considering an auto title loan: don’t do it.