Car Title Loans Quiz
1. Missouri had about 260 car title lenders in 2008.
True. In 2008 Missouri had about 260 car title lenders.
Missouri Auditors Website. (May, 2001). Division of Finance and Regulation of Instant Loan Industry, Performance Audit, Report No. 2001-36. http://auditor.mo.gov/press/2001-36.htm.
Quester, A. & Fox, J.A. (2005). Car Title Loans: Driving Borrowers to Financial Ruin, A Report by The Center for Responsible Lending and The Consumer Federation of America. Retrieved on November 10, 2009 from http://www.responsiblelending.org/media-center/press-releases/archives/car-title-loans-trap-borrowers-in-cycle-of-debt.html.