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Auto-loan delinquencies are the highest since 2012

The percent of auto loans in serious default has risen to the highest level in almost seven years, as consumers with weak credit struggled to make payments despite a strong U.S. economy and tight labor market......»»

Category: topSource: moneycentralFeb 12th, 2019

How Wall Street Banks "Masked" A Record $350 Billion In Subprime Exposure

The latest monthly auto-loan data from the Fitch Auto ABS Index showed something very troubling: subprime delinquencies 60 days or more past due on the secondary market rose to 5.76% in February, the highest theyâ€.....»»

Category: blogSource: zerohedgeApr 20th, 2018

Auto-Loan Delinquencies Spike To Q3 2009 Level, Despite Strongest Labor Market In Years

Authored by Wolf Richter via WolfStreet.com, But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leas.....»»

Category: blogSource: zerohedgeMay 17th, 2019

Here’s what more US auto loan delinquencies means for the economy

Despite a strengthening economy, more Americans are unable to make auto loan payments......»»

Category: topSource: foxnewsMay 29th, 2018

These Greater Cincinnati colleges have the highest student debt: SLIDESHOW

Student loan debt in the U.S. now totals more than $1.5 trillion, more than both credit card and auto loan debt, and recent research has shown that the crisis isn't only worse than we thought — it's getting worse. The percentage of students who .....»»

Category: topSource: bizjournalsAug 13th, 2018

A record 7 million Americans are 90 days late on their auto loan payments, an economic red flag

When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans......»»

Category: topSource: washpostFeb 12th, 2019

Farm loan delinquencies highest in 9 years as prices slump

The nation's farmers are struggling to pay back loans after years of low crop prices and export markets hit by President Donald Trump's tariffs, with a key government program showing the highest default rate in at least nine years......»»

Category: topSource: foxnewsFeb 28th, 2019

Auto Loan Delinquencies Up on Record-High Monthly Payments

Borrowing to purchase or lease a new or used vehicle reached a record-high average monthly payment level in the fourth quarter of 2018. Rising vehicle prices and interest rates combined to push the........»»

Category: blogSource: 247wallstFeb 28th, 2019

Midwest Farm Loan Repayment Issues Hit Highest Level Since 1999

Reuters examined a new farm survey by the Federal Reserve Bank of Chicago on Thursday that detailed farm loans at Midwest banks are having the most repayment difficulties in 20 years in 2Q19. Following six years of falling farm income and rising debt.....»»

Category: blogSource: zerohedgeAug 17th, 2019

Farmageddon: Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge

Followin.....»»

Category: blogSource: zerohedgeAug 10th, 2019

Is now the right time to refinance your car loan?

Refinancing an auto loan c.....»»

Category: topSource: usatodayJul 6th, 2019

States Where Students Graduate With The Most Debt

Student loan debt is a growing crisis in the United States, hitting an all time high of $1.5 trillion in 2019 and overtaking auto loans and credit card debt in the last decade. Today, more than 44........»»

Category: blogSource: 247wallstJun 21st, 2019

Follow these 3 steps to get the best auto loan available

You can save just as much money by getting the r.....»»

Category: topSource: usatodayJun 11th, 2019

Deal in the works to revamp ex-Hickory Hollow Mall

The highest-profile booster of Nashville's Antioch community is under contract to buy its former Hickory Hollow Mall. Ben Freeland, owner of several auto dealerships, confirmed to the Business Journal on Monday afternoon that he is under contract to .....»»

Category: topSource: bizjournalsJun 10th, 2019

These Bay Area degrees have the highest student debt loads

Student loan debt in the U.S. continues to grow, creating larger burdens on more Americans. According to data from the U.S. Federal Reserve, total student loan debt rose to $1.56 trillion in 2018 with 44.7 million Americans carrying some sort of loa.....»»

Category: topSource: bizjournalsJun 10th, 2019

Wells Fargo agrees to pay $385M to settle car loan lawsuit

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed......»»

Category: topSource: foxnewsJun 7th, 2019

Auto loans hit record, pushing payments to all-time highs

People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan......»»

Category: topSource: moneycentralJun 6th, 2019

Auto loans hit record, pushing payments to all-time highs

People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan......»»

Category: topSource: moneycentralJun 6th, 2019

Auto loans hit record, sending many borrowers to used market

People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan......»»

Category: topSource: moneycentralJun 6th, 2019

Auto loans hit record, sending many borrowers to used market

People buying a new vehicle continue pushing the envelope, borrowing more and, on average, paying more each month for their auto loan......»»

Category: topSource: moneycentralJun 6th, 2019

Auto loan intermediary To Prosperity Technology files for an $8 million US IPO

To Prosperity Techno.....»»

Category: futuresSource: nasdaqMay 25th, 2019