Questionable Lending Drives Americans to Record Auto Debt
February 13, 2019
February 13, 2019
BOSTON, Massachusetts, Feb. 13 -- The Massachusetts Public Interest Research Group issued the following news release:
The amount of money Americans owe on their cars is now at an all-time high -- up 75 percent since the end of 2009. Americans' rising indebtedness for cars raises concerns about the financial future of millions of households as lenders extend credit to more and more Americans without the ability to repay, according to a new MASSPIRG report.
"American . . .
The amount of money Americans owe on their cars is now at an all-time high -- up 75 percent since the end of 2009. Americans' rising indebtedness for cars raises concerns about the financial future of millions of households as lenders extend credit to more and more Americans without the ability to repay, according to a new MASSPIRG report.
"American . . .