• A record number of Americans are 90 days behind on their car payments

    6 monthes ago - By CNBC

    The level of serious delinquencies broke past the heights reached just after the financial crisis.
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  • A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy

    6 monthes ago - By Washington Post

    There are even more Americans behind on their auto payments today than during the financial crisis era.
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  • A Record 7 Million Americans Are 90 Days Behind on Their Auto Loan Payments

    6 monthes ago - By Fortune

    Unemployment is low and the economy is booming, but many Americans are struggling to pay their bills .
    A record 7 million Americans are 90 or more days behind on their auto loan payments, according to a study from the Federal Reserve Bank of New York. That number is a million higher than the total at the end of 2010, a time when unemployment rates hit 10% and "delinquency rates were at their worst" notes the Fed.
    At that time, 5.3% of auto loan borrowers were three months late on their payments. Now, the share is a slightly lower 4.5%, due in part to a growing number of people taking out...
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