A new report by the Consumer Federation of America to Congress calls on lawmakers and regulators to protect car buyers, saying a crisis is at hand.
Subprime auto loan delinquencies hit record highs as lower-income Americans struggle with rising car costs and tighter ...
U.S. auto loan delinquencies are climbing above pre-pandemic rates and nearing 2008 crisis levels. Consumers now carry $1.66 ...
As pandemic stimulus money has run out for many Americans, debt is starting to mount again and it is leading to signs of trouble, particularly in the auto industry where car repossessions are on the ...
Auto repossessions may not be a leading economic indicator, but they can act as a thermometer for how Americans are coping with the cost of living. A growing number of drivers seem to be unable to ...
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars. By Ann Carrns More automobile owners are falling behind on their payments, and a new report ...
This Georgia family says a repossession dispute cost their son his car. Here’s what to watch for before it happens to you.
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Subprime Auto Loan Defaults Hit Record As Borrowers Struggle With High Prices And Rates
Subprime auto delinquencies hit a record 6%, with 1.73M repossessions last year—the most since 2009. Rising car prices, rates, and job losses are straining lower-income borrowers, though banks are ...
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