6222
Americans Behind on Debts
World Economy

Americans Behind on Debts

Reports from two credit tracking services, Experian and TransUnion, both show an increase in the number of car buyers who are 60 days or more behind on their car loans in the third quarter. TransUnion says there was a 13% jump in delinquent loans. Experian reported a 9% increase, CNN Money reported. The rise in late payments is partly due to the fact that car sales are up a lot this year. Car prices are up too, so the average size of a car loan is at a record high according to Experian. Another factor is that more used-car buyers need to borrow money to make their purchase, according to Experian.

 

Short URL : http://goo.gl/rYQ3gZ

You can also read ...

Taiwan Q3 Growth Highest in 2 Years
Taiwan’s economy grew 3.1% in the July-September period to a...
German Business Morale Soars to Record High
German business confidence hit a record high in November...
Swiss Factory Output Up
Switzerland’s industrial production and turnover increased...
French Business Confidence at 10-Year High
French business confidence hit a near 10-year-high in November...
Venezuela Bad Debts Pile Up
Venezuela moved closer to a possible all-out default, with...
S&P Retains India’s Rating, Outlook
Close on the heels of Moody’s upgrading India’s sovereign...
Oil Cut Affects Russia
The OPEC/non-OPEC production cuts hurt Russia’s economic...
Asia Markets Close Mixed, Europe Extends Rise
Asian markets closed mixed on Friday, following a quiet...

Trending

Googleplus