Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 10 months ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

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An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 10 months ago

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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dangblingus@lemmy.dbzer0.com
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10 months ago
I was looking at the amount of bad debt that Americans are in with mortgages, and with the moratorium over on student loan repayments, earlier this year it looked like another 2008 on the horizon. I never considered though that it would be the car payments getting defaulted on.

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