The new subprime is in auto loans: One third of all new auto loans are of the...
Leave it to Wall Street to resurrect the subprime loan. This time, subprime has found a comfortable home in the automotive industry. In the car addicted US culture, subprime debt is back in a massive...
View ArticleSubprime lending at highest level since financial crisis hit: The three...
The euphoria is bleeding into every corner of our debt driven economy. Access to credit is being given to consumers but unfortunately, the loans are tied to items that are counter to becoming...
View ArticleDriving our way into financial poverty with six-year car loans: Once a...
Taking on debt for buying a car is a risky proposition. Taking on subprime debt for buying a car is simply a bad financial decision. The subprime loan market is booming for auto loans. Cars can...
View ArticleThe two trillion dollar towers of student and auto debt: As Americans are...
As Americans continue to see their income lag inflation, many are unable to purchase homes in a market driven by hot money and a crowding out effect brought on by investors. But people want to spend...
View ArticleUnable to afford homes, Americans dive into subprime auto debt to purchase...
The word “subprime” was synonymous with the toxic loans that were made during the credit bubble. Some tend to think that those days are long gone but we simply have shifted the form in which toxic...
View ArticleWelcome back debt! Total household debt rose by $63 billion last quarter...
The appetite for debt is now back in a furious way. Total household debt was up $63 billion last quarter driven largely by auto loans. Auto loans increased by $32 billion and the amount of auto debt...
View ArticleSubprime auto loans face mounting problems: With $1.1 trillion in loans...
Exuberance breeds bad decisions as inhibitions and due diligence get tossed out the window like dirty water. This is exactly what is unfolding in the rampaging auto market. The latest data from Fitch...
View ArticleDebt Apocalypse: US Student and Auto Loans Hit New Record of $2.6 Trillion.
American consumers are once again spending beyond their means. Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt...
View ArticleSubprime Auto Nation: American Households now Carry $1.34 Trillion in Auto...
America is literally driving itself into debt. US households now carry a stunning $1.34 trillion in automotive debt. What is troubling about this is the amount of driving taking place has plunged...
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