As pandemic stimulus money has run out for many Americans, debt is starting to mount again and it is leading to signs of trouble, particularly in the auto industry where car repossessions are on the ...
As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...
More Americans are struggling to keep up with their car payments. Auto loan delinquencies have risen above pre-pandemic levels after hitting record lows during COVID — and more borrowers are now ...
NEW YORK — People who put their cars up as collateral for what are supposed to be short-term emergency loans are being hit with interest rates of 300 percent, a high rate of repossession and long ...
Sen. Elizabeth Warren (D-Mass.) has slammed the auto lending industry and claimed that car repossessions have surged to levels comparable to those during the 2008 global financial crisis. In a post on ...
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