Smell Fire? Subprime auto loan delinquency climbs to highest rate since April 2020
Now that pandemic economic subsidies have disappeared and inflation has climbed to a forty year high, the tide of delinquency may be creeping in. According to Deutsche Bank, subprime auto loan delinquency over 60 days delinquent hit 4.15% in February. The highest level since April of 2020. The peak of the pandemic.
Has the subprime auto dumpster fire started? – Credit Union Collections – Credit Union Collectors – Source: Marketwatch
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