The Pew report states that of the more than 2 million consumers who obtain title loans, one out of nine consumers default on their loans, and notes that repossession affects approximately 5 to 9 percent of borrowers who default.
The Pew report indicates that of the more than 2 million consumers who obtain title loans, one in nine borrowers default on their loans, and notes that repossession affects approximately 5 to 9 percent of borrowers who default.