Willie Hampton
Published on: 01/30/05 Willie Hampton borrowed $3,000 from a Jonesboro title lender.
He accrued interest of $3,375 over six months.
His payments totaled $2,332 during that time.
He still owed $4,303 in principal, interest and fees ($260) when he defaulted on the loan.
His Cadillac Escalade had a wholesale value of $21,600 when the lender repossessed it.
The vehicle was worth $17,297 more than he owed; the lender kept the excess.
DEL.ICIO.USPublished on: 01/30/05
 RICH ADDICKS/AJC | |||
| Willie Hampton, 52, of Riverdale, took out a title loan against his Cadillac Escalade in December 2002. He wound up with a beat-up 20-year-old truck (above). | |||
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