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For The First Time Ever, Americans Have $1 Trillion In Car Loans

For The First Time Ever, Americans Have $1 Trillion In Car Loans

If the thought of debt unnerves you, may we suggest skipping ahead to the next article? Because this news could send you right into a panic attack. There's no way to sugar coat it, so we're just going to come out and say it: Americans owe $1 trillion in car loans for the first time ever. How did... read more

November 18, 2015 by  -
Auto loan

Americans Owe $902.2 Billion In Car Loans, A Record High (And Most Are Re-paying On Time)

According to consumer credit reporting agency Equifax, Americans now owe a staggering $902.2 billion in auto loans -- a 10 percent increase from this time last year and an... read more July 25, 2014 by 

Auto loan

Buying A Car Today? Go Prepared, Or Prepare To Spend Extra: UPDATED

UPDATE: See below In America, auto sales are going strong, and as we mentioned earlier, they're poised to get even stronger this weekend. But if you're one of the many folks... read more November 29, 2013 by 

Repo Man

Repo Man Finds Himself Out Of A Job As More Pay Car Loans

Though America's economic recovery seemed iffy at one time, it now appears that we're on the right track. Consumer confidence is mostly high, stocks are mostly up, and though... read more August 19, 2013 by  0

Gavel. Image: Brian Turner

Feds Order U.S. Bank To Refund $6.5 Million From Deceptive Car Loans

After all the crashes, mergers, and investigations that bankers have endured the past few years, you'd think they might've learned a thing or two. Apparently, you'd be wrong... read more June 28, 2013 by  3

John McDole shows off his Volt's gun rack.

Shotguns For Downpayments? We May Be In For Another Subprime Problem

Earlier this week, we offered a rundown on auto sales for March. While we were very happy to see a number of manufacturers set new records, we were a little concerned that... read more April 5, 2013 by  0

Auto loan

Americans Are Keeping Up On Car Payments Despite Easy Credit

One of the major contributing factors to the Great Recession was the U.S. credit crunch. For years, banks had been loaning money to many people who probably shouldn't have... read more December 18, 2012 by  2

Auto loan

Is It Time To Refinance Your Car Loan?

With interest rates hovering near record-lows, plenty of homeowners have chosen to refinance their mortgages. But auto loans can be refinanced, too -- the only problem being... read more August 1, 2012 by  0

Chrysler headquarters

BREAKING: Chrysler To Repay U.S., Canadian Loans By June 30

Yesterday, we told you that Chrysler was on the brink of announcing a plan to repay its debts to governments of Canada and the U.S. Now, they've gone and done it: according... read more April 28, 2011 by  1

Car being loaded onto flat bed tow truck

The Repo Man Cometh -- But Not On Facebook

Late last summer, we sent a warning to anyone who might be behind on a car note, credit card, or mortgage: don't accept that mysterious Facebook friend request! At the time... read more March 10, 2011 by  1


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