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 ...
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 ...
Car repossessions have surged by 43% in the past year, and experts urge quick action to minimize financial damage. With tariffs and inflation driving up car prices, more Americans are finding they ...
Premier Arkansas credit union accelerates loan growth with technology that automates up to 80% of decisions while stopping ...
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 ...
Insight from the top: why auto-loan defaults are spiking, according to Chase’s CEO—and what it signals for consumers and the wider economy. Auto loan defaults are rising, leading to bankruptcies at ...
"Delinquencies, defaults, and repossessions have shot up in recent years and look alarmingly similar to trends that were apparent before the Great Recession," according to a report by the CFA, which ...
Forbes contributors publish independent expert analyses and insights. Jim Osman is a finance expert with over 30 years of experience. Credit Cracks Are Spreading: Rising Delinquencies And Recession ...
Navigate the car loan refinancing process to potentially lower your interest rate and monthly payments Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal ...
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 ...