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 ...
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 ...
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 ...
Consumers are taking on longer, more expensive, auto loan terms to try and cope with historically high auto loan interest rates when purchasing a new car. It’s a far from ideal time to be ...