07/20/2014 10:05 am ET Updated Jul 20, 2014

Borrowers Pay Sky-High Rates In A Subprime Bubble For Used Cars

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Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan.

“I am not sure how I got the loan,” Mr. Durham, age 60, said.

Read more on The New York Times