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August 30, 2008 4:42:09 AM CDT


Stories related to: auto loans

Stories

3 Stories

  • December 2007
    • Americans Drive Cycle of Auto Debt

      Americans Drive Cycle of Auto Debt

      (Newser) - More and more Americans are entering a cycle of larger, longer, and far riskier auto loans, raising the possibility of a debt crisis similar to the one that has hit the housing market. The Los Angeles Times explores the increasing trend of trading in a used car for a new one—and rolling together old debt and new. More »

      Tags

      credit crisis   Detroit   debt   credit   auto loans

    • Auto-Loan Delinquencies Rise as Stress Spreads

      Auto-Loan Delinquencies Rise as Stress Spreads

      (Newser) - Consumer auto loans are beginning to show the strain of the subprime collapse, with delinquencies among top-rated borrowers from 2006 rising 55%, to 4.5%, in September. That's the largest month-to-month increase in delinquencies in nearly a decade, the Wall Street Journal reports. Delinquencies among less credit-worthy consumers rose to 12%, the highest level since 2002. Said one analyst, “the numbers will get worse.” More »

      Tags

      auto industry   borrowers   credit   auto loans

  • November 2007

3 Stories

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