The standard knock against automobile name loans is really a toothless assertion that the deal contributes to individuals losing their automobiles after which their jobs because they do not have transport to arrive at work, say three researchers led by Vanderbilt’s Paige Marta Skiba.

“Repossession impacts few borrowers, and our proof shows that many borrowers will perhaps maybe not lose their way that is only to due to repossession,” said Skiba, connect teacher of legislation at Vanderbilt Law class. (more…)