Investors are snapping up bonds tied to car loans, betting that a strong U.S. economy will keep rising delinquency rates in ...
you may lose the collateral (such as your car for an auto loan or your house for a mortgage). It's never good news to default on your debt, but what exactly you can expect next depends on the type ...
Financing is almost a given for many car shoppers, whether they're after new or used. Read on for the best way to save money ...
The default will stay on your credit report for seven years, reducing your chances of getting a loan, buying a car or purchasing a house, among other things. Credit scores are sometimes used on ...
Nearly a quarter of Americans who traded in a car for a new one was upside down on their loan, Edmunds says. The amount some ...
Lenders base their rates on how likely you are to repay your loan and how much they can recoup if you default. Since they can recoup their losses by repossessing your car, you’ll typically get a ...
For many student loan borrowers, the amount they pay toward their debt each month is not insignificant. In fact, the average monthly student loan payment is currently $393, which can be an ...
The average auto loan interest rate for new cars in the second quarter of 2024 was 6.84 percent, while used cars had an average rate of 12.01 percent. Your credit score plays a significant role in ...