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More Auto Payments Are Late, Exposing Cracks in Consumer Credit
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The U.S. economy is on a steady footing and the unemployment rate is superlow. Yet a rising number of Americans are falling behind on their car payments.
Some 9.3% of auto loans extended to people with low credit scores were 30 or more days behind on payments at the end of last year, the highest share since 2010, according to an analysis by Moody’s Analytics.
Read more on wsj.comAbout this in other media
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