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debtdetour_sept2007_egan.pdf

Tom Feltner

This report provides a method for estimating the loan
terms and conditions, default conditions, automobile characteristics, and
borrower demographics of title loans in Illinois
based on Cook County
court cases filed against borrowers in default during 2005. It identifies key
information on the title loan industry necessary to inform the public debate on
how to best apply nationally recognized small loan consumer protections to the Illinois
title loan industry.