Auto loan delinquencies and repossessions are climbing fast, according to the Consumer Federation of America, fueled by inflated car prices, long loan terms, higher rates and weakened regulatory ...
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Americans are drowning in auto loan delinquencies; report says Congress needs to fix it
The growing costs to buy and maintain a car – exacerbated by inflation and tariffs – are leading to rising auto loan defaults and repossessions and a potential crisis for American consumers left ...
NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage ...
A significant group of Americans are falling behind on their car payments — an economic warning sign
A key group of American borrowers is falling significantly behind on their car loans. It’s yet another sign that the U.S. economy is forming some serious cracks, leaving the most vulnerable in ...
With tariffs and inflation driving up car prices, more Americans are finding they cannot keep up with their auto loan payments — and repossessions are on the rise.
Missed payments don’t just threaten your vehicle — they can damage your credit, pile on fees and make future borrowing more expensive. The question is how to protect yourself before a late notice ...
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