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Wednesday, September 10, 2014

Auto loan default rate inches up

http://www.usatoday.com/story/money/cars/2014/09/09/transunion-auto-loans-delinquent/15344353/

``The auto loan delinquency rate -- borrowers who are at least 60 days behind on their loans -- rose to 0.95% in the second quarter, up more than 9% from 0.87% the same quarter a year ago, reports TransUnion, the big credit bureau.'' -- This provides a lovely compliment to increased consumer credit on increased car loans...

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