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 insurers are raking in record profits after hiking rates.

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 insurers are raking in record profits after hiking rates.

  • Hathaway@lemmy.zipEnglish
    3·
    1 day ago

    You’d think there’d be a threshold where they just say “no” though?

    I’m not shocked I got approved, even with that interest rate, my credit isn’t bad, just non existent.

    I’m shocked my friend got approved with 2 judgements. What’s the point of a judgment? I suppose I don’t know the details, they could be old, etc. just seems irresponsible.