Tag Archive

Angry Borrower Makes Bomb Threats to Lender and Families

Published on June 8, 2017 By Cucolle1

Kansas City, MO – 7 June 2017 – Jackson County Prosecutors charged a 30-year-old Kansas City man with harassment and making terroristic threats after police say he threatened employees and their families at Auto Bank KC, 6901 E. Front Street, when the business informed him they would have to repossess his vehicle if he didn’t […]

Auto Loan Fraud Soars

Published on May 11, 2017 By Cucolle1

Up to 1% of car loan applications include deception, firm says Borrower fraud in U.S. auto loans is surging, and may approach levels seen in mortgages during last decade’s housing bubble, according to a startup firm that helps lenders sniff out bogus borrowers. As many as 1 percent of U.S. car loan applications include some type […]

Is the Dam Ready to Break? Auto Delinquency on the Rise

Published on April 25, 2017 By Cucolle1

Scary U.S. Auto Loan Debt Numbers Foreshadow Economic Downturn Rising U.S. Auto Loan Debt a Symptom of Bubble Economics Permeating Society Auto industry sales have come back from the “Great Recession” grave, but U.S. auto loan debt threatens to relegate the industry to purgatory. Rock-bottom interest rates have allowed consumers to gorge on debt for too […]

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