is superlow. Yet a rising number of Americans are falling behind on their car payments. Some 9.3% of auto loans extended to people with low credit scores were 30 or more days behind on payments at the end of last year, the highest share since 2010, according to an analysis by Moody’s Analytics.
That’s because new cars are $1000+ per month now.
나는 어메리칸. 미국은 별이 많다. 고로 나는 별수 없다
Predatory lending still at work
For more fresh data on the troubling rise in car-loan payment delinquencies, check out cfpb research at
It's like we've learned nothing from the 2008 housing crisis where people were given sub prime mortgages.
=
hint: the low score shows a pattern of being screwed and broke ,not a proper reflection of credit .
Sooner or later the market will settle. Car dealers will make some money in the process.
Fyi-
But I thought I just heard the Pres say we're all doing great!
So people who are not credit worthy are turning out to not be credit worthy after they took on debt? Say it isn’t so. Better yet, say it’s someone else’s fault.
And they all voted liberal, well deserved. Repo their shit
Exactly what the score predicted
Credit for everyone has it's limitations. No sympathy for the lenders.
You can thank companies like Carvana for that.
Thank You Brandon.😂
'if job losses increase' which wece seen zero evidence of despite the FED trying they're hardest. Unemployment has continually decreaser. WSJ and large banks want a recession b cause I'm sure they've net heavily on it
Wow let them buy electric and see what happens
Biden bucks are now gone. 😢
Because interest rates are too high and this is a recession
This will be good for the used car market
So, people with low credit scores were given car loans?
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: axios - 🏆 302. / 63 Read more »