Thursday, May 19, 2016

Auto loans roar to trillion dollar level

Auto loans roar to trillion dollar level: "Experian's early analysis of auto loans held in the first quarter of the year also found a slight increase in the amount of money being borrowed by those with subprime credit ratings. The percentage of loans 30 and 60 days' delinquent edged slightly higher. Experian said 2.1 percent of all auto loans were 30 days delinquent in the first quarter while 0.6 percent were 60 days past due."



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