For Investors: Education Is Key to Protection
Another school year has come to an end. For many parents, it’s a time when they realize that their child is one year closer to going to college, which, in turn, means it is a year closer to having to pay for higher education expenses. One way to save for college is to open and fund a 529 College Savings Plan.
According to a new report by the Consumer Financial Protection Bureau (CFPB), one in five borrowers from auto title loan companies have their vehicles seized when they fall behind on repayment of their loans. The CFPB report illustrates just how difficult it is for many borrowers to avoid getting caught in the title-loan trap.