A key group of American borrowers is falling significantly behind on their car loans. It’s yet another sign that the US ...

The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars. By Ann Carrns More automobile owners are falling behind on their payments, and a new report ...

Across the US, people are increasingly defaulting on their car loans — a dire economic indicator because these loans are usually the last payment Americans are willing to miss. Meanwhile, auto ...

Tinker Federal Credit Union reports that more Americans are struggling to keep up with car payments due to higher interest ...

The New York State Department of Financial Services last month reminded lenders to give consumers refunds on their finance and insurance products if their vehicles are repossessed or deemed a total ...

A recent surge in loan defaults and car repossessions is causing significant financial strain, with consumer advisor Clark Howard issuing a warning against taking out extra-long auto loans.

Karen LeSage needs her car. A 57-year-old single mother living in East Hartford, Connecticut, LeSage needs to drive herself to medical appointments for injuries on her legs and to pick up her teenage ...

Wrongful repossessions already burdened the industry, and it’s an issue that intensified since the pandemic began. With insurance companies already wary of absorbing too much liability, the ...

For most consumers, they have a variety of options and carriers when it comes to insurance. For repossession agents, availability and choices aren’t so robust because of the complex business among ...

For many Americans, the thought of trading in their auto-related debt like it was a lemon, would be a dream come true. But it’s only a dream, because, in 2023, the average auto loan debt grew to ...