Title loans trap Florida customers with debt, critics state

Janet and James Schmitt had been in a monetary bind they took out a car title loan using their 2010 Ford F-150 as collateral after he had surgery last year, so. Four months later on, the St. Augustine few had made significantly more than $1,400 in re re payments to lender InstaLoan, nonetheless they nevertheless owed the loan that is full of $2,500. Experiencing taken benefit of and afraid of losing the truck, Janet Schmitt,…