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2019 Title Loan Legislative Resources
Title loans prey on Illinoisans with crippling interest rates as high as 360%. In 2017, more than 61,000 Illinoisans were stuck in title loans. These loans trap consumers in debt they can’t repay, and cause thousands every year to lose their car, a critical source of transportation to school and work. Between 2014 and 2016, more than 26,000 Illinois families lost their car because of title loans.
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