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According to new data from Lending Tree, car loans amounted to $1.14 trillion in total as of September 2018, or about eight percent of all of outstanding consumer debt in 2018, a number that ...
WalletHub, a personal finance website, has released its list of cities with the highest increases in auto debt in the last year. See report.
It’s never good to fall behind on debt payments. But it can be uniquely bad to go into delinquency with auto loan payments. People need their cars for essential tasks like going to work and ...
In 2017, Jessica Patterson borrowed $14,786.07 to purchase a Kia Rio. But locked in at an exorbitant 25.17% interest rate, ...
The average debt in America is over $105,000 across mortgages, auto loans, student loans, and credit cards. Debt peaks between ages 40 and 49 among consumers with excellent credit scores.
During the pause, student loan debt growth slowed: from the second quarter in 2020 to the second quarter of 2023, the burden of mortgage and auto loan debt increased by close to 20%, while student ...
The share of US auto loan debt falling into delinquency has continued to rise. As reported by the Federal Reserve Bank of New York, auto loan balances have increased by $12 billion in the fourth ...
Auto loans represent the second-largest consumer debt category in the US. While the car market is looking bleak for consumers, a surge in auto loan defaults and subsequent repossessions shouldn ...
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