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 ...
Nearly one-third of Americans trading in vehicles this year owe more than their cars are worth, with average shortfalls at the second-highest level on record. Auto loan defaults have reached their ...
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 ...
A pandemic-fueled spike in car prices, extended loan terms, and rising interest rates have left nearly one-third of US trade-in customers owing more than their cars are worth. Average negative equity ...
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 ...