Some auto lenders target people with risky credit,
since they can gouge high interest rates out of
them and use compulsory methods to force then
into borrowing more.
Delinquency rates for auto loans hit highest level since 2008
By Douglas Lyons
28 January 2015
The rate of missed payments for auto loans has reached the highest level since 2008, showing the effect of the stagnation of workers’ incomes and the increasing prevalence of predatory practices by banks and auto lenders.
WALL STREET’S
PERPETUAL BAILOUT and
the DEATH of the AMERICAN MIDDLE-CLASS
WALL STREET SURGES …
a day closer to the meltdown and another bailout!
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