A key group of American borrowers is falling significantly behind on their car loans. It’s yet another sign that the US ...
The rise in negative equity comes as more Americans are falling behind on car payments. Nearly 6.5% of subprime auto loans, ...
So the car loan delinquencies that we’re seeing are really alarming in themselves. 1.7 million cars were repossessed last ...
As the car loan crisis deepens, a growing number of Americans are struggling to keep up with their auto loan payments.
Newly published data from Edmunds shows that car loan debt on trade-ins has hit an all-time high as the new car affordability problem deepens.
When you don’t have good credit or your passive income streams are lacking, getting financed for a car can be challenging, especially if you’re trying to apply by yourself. However, there may be some ...
When the Fed announces a rate cut, it feels like the kind of headline that should instantly make life cheaper. Lower rates? That must mean a lower car payment, right? Not so fast. This is one of the ...
Imagine Mike, a 34-year-old graphic designer from suburban Detroit. In 2018, he financed a used 2012 Toyota Camry with a $15,000 loan. A few years later, after experiencing layoffs, addiction issues, ...
While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.