The 911 operator takes her information and lets her know that an officer should be there momentarily. When the officer arrives, he takes her statement but also asks if there is any chance the vehicle was repossessed.
Carol jerks her head around at that question and tells the officer that she was 3 days late on her payment to a company that offers vehicle title loans. But, she queries, “surely that couldn’t be the problem? It’s only 3 days! Isn’t there supposed to be a grace period?”
Carol在这个问题上摇了摇头，并告诉官员说，她向一家提供车辆所有权贷款的公司付款的迟到了3天。 但是，她质疑道，“肯定不是问题所在吗？ 只有三天！ 难道不应该有一个宽限期吗？”
The officer completes the statement and suggests that she contact the company who gave her the loan. After asking her to let the department know if it was indeed repossessed he leaves.
Carol calls the company and gets the bad news! Yes, just 3 days late and her vehicle is repossessed. Yes, she can get it back but in addition to the late payment she will have to pay the towing charge, impound fee and a penalty fee.
卡罗尔给公司打电话并得到了坏消息！ 是的，只迟了三天，她的车就被收回了。 是的，她可以取回，但除了滞纳金外，她还必须支付拖车费，扣押费和罚款。
This scenario sounds pretty drastic, doesn’t it? Well, think again. It happens every single day more times than you would believe!
这种情况听起来很激烈，不是吗？ 好吧，再想一想。 它每天发生的次数比您想象的要多！
Carol is not a “bad” person. She did what all of us have probably had to do on occasion. She had an emergency and she required some quick cash. She is young, living on her own for the first time and has yet to establish her credit worthiness.
卡罗尔不是一个“坏人”。 她做了我们所有人有时可能要做的事情。 她遇到紧急情况，需要一些快速现金。 她还很年轻，第一次独自生活，还没有建立起自己的信誉。
There is an important lesson to be learned by Carols’ experience. Forewarned is forearmed. Had she understood just how important it was to make her payments in a timely manner she would have done so.
Carols的经验教训值得借鉴。 有备则无患。 如果她了解及时付款的重要性，她会做到的。
Three days may sound pretty drastic, but in this particular case it was in the “fine print.”
If she had a copy of “What You Should Know BEFORE You Borrow Money,” she would have had a clearer understanding of what this type of lender expects. Had she known, she may have gone elsewhere to borrow.
Payday loans are similar to title loans in that they both charge inflated rates of interest, and they are also ready to pounce with additional charges whenever possible.
“What You Should Know BEFORE You Borrow Money,” is designed to help folks who are not knowledgeable about the “ins and outs” of borrowing. Take a look at some of what you will learn:
- When and why borrow money?
- What type of loan do I need?
- What you should know before you shop for a lender.
- How to apply for a loan.
- Before you apply for a mortgage get the facts
- Cleaning up your credit.
- 在申请抵押贷款之前，请先了解事实 清理您的信用。
If you are already well-versed in all financial matters, this guide is probably not for you. However, if you have no experience in borrowing and are looking for some guidelines then this is definitely just the primer you need.
It’s also a great gift for anyone you know who would like to learn the basics of “Borrowing Money 101!”