6 million borrowers are 90 days late on their car loans

Ford CEO: 35% tariff would impact U.S. workers

The hazard lights are flashing on subprime car loans.

Roughly six million auto borrowers with shoddy credit scores are at least 90 days late on making their loan payments, according to new figures released by the New York Federal Reserve. The percentage of delinquent subprime auto loans has raced to the highest level since 2010.

Let’s block ads! (Why?)

Economic news – CNNMoney.com

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *