Detroit, MI, 30 September 2016 – The delinquency rate on subprime auto loans rose in August, and a credit rating agency that monitors the market said the trend likely will continue through the rest of 2016 as prices of used cars continue to fall.
The delinquency rate has been trending upward throughout 2016 and now approaches peak levels seen in late 2008 and early 2009.
Read More!
More Stories
$3.3 Million for Credit Union CEO Luxury and Only $1.7 Million for 33 Employees
The Pastor, the Credit Repairmen and $460,000 in Fraudulent Auto Loans
One Employer, Hundreds of Auto Loans: The Fed Warns About Concentrated Credit Risk
They Called a Collector; They Got a Credit Repair Company Instead
The Father, the Son and a $2.26 Million Synthetic Identity Scheme
When the Borrower Is the Fraudster