More and more car owners are struggling with their car loans

More and more car owners are struggling with their car loans

A recent TransUnion study highlights a potentially concerning trend in the auto loan market: delinquency rates are rising. Nearly 3.5% of customers with a car loan are now in arrears. A rising delinquency rate may indicate that households are struggling with debt, especially since car loan repayment is a high priority for many households. However, …

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