← Back to: "Auto Delinquency Rate Up 8.9 Percent in 2008"
More and more people fail to pay back their debts
"Last year, the number of Americans who bought a car using an auto loan and failed to pay back the debt to the bank was bigger when compared to the previous year. The auto delinquency rate rose 8.9 percent in the fourth quarter of last year in comparison with 2007, the Detroit News has learned citing the credit reporting agency TransUnion. Quite obviously, the logical explanation for the results is the financial crisis that interfered in people's plans. "Certainly t..." Continue Reading →
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