More Americans have a car loan than at any other point in history. Overall auto debt is at an all-time high. Auto loans are taking longer to pay off than ever and delinquencies are rising. All of this has happened in just the last 10 years – since the end of the Great Recession. What’s going on with auto loans, and what can we do? Frontier Group Analyst R.J. Cross explains.
Visit U.S. PIRG’s campaign to get the FTC to stop unfair car dealer tricks: https://uspirg.webaction.org/p/dia/action4/common/public/?action_KEY=36931
Read the report: https://frontiergroup.org/reports/fg/driving-debt
Consumer resources from U.S. PIRG, NCLC and CARS: https://frontiergroup.org/resources/fg/rj-explains-trouble-auto-loans-%E…