Rising subprime auto delinquencies are emerging as a clear sign of mounting stress, as many lower-income Americans struggle ...
The debt stock tells the same story. U.S. households now owe about $1.66 trillion on auto loans, nearly unchanged this quarter but up over the past year, according to the New York Fed’s Q3 release.
Auto lenders are increasingly running up against unscrupulous borrowers and others who use goosed up credit scores, as well as fake identities, to take out car loans that many have absolutely no ...
Subprime borrowers are falling behind at historic rates, but among prime borrowers — those with stronger credit histories — ...
Tricolor, a major subprime auto lender specializing in buyers without social security numbers or credit histories, is going out of business. The company filed for bankruptcy on Wednesday. Most ...
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