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A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...
Financial experts recommend spending no more than 20 percent of your take-home pay on an auto loan payment. Also, consider whether your financial situation is likely to change and factor that in.
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Balances on car loans increased by $17 billion in the third quarter of 2020, according to the Center for Microeconomic Data’s September 2020 report on household debt. The same report showed...
Kemba Smith Pradia (born Kemba Smith on August 28, 1971) [1] is an American prison reform activist. [ 2 ] [ 3 ] She began a 24½ year sentence for drug-related charges in 1994, ultimately serving six years before being granted clemency by then-President Bill Clinton. [ 4 ]
Risks of using a home equity loan to pay off a car loan. Loss of home equity: When you use your home equity to secure a loan, it decreases your equity stake — the portion of the home you own ...
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