- Auto Loan Complaints Rise🔍
- CFPB auto lending complaints jump 46% in 2023🔍
- Rising Auto Loan Delinquencies and High Monthly Payments🔍
- CFPB Takes Action Against Wrongful Auto Repossessions and Loan ...🔍
- Americans doomed — 22% owe more than their car is worth🔍
- What to Do if You Fall Behind on Auto Loan Payments🔍
- Negative Equity on the Rise🔍
- Vehicle lending complaints increase 44% YoY🔍
Auto Loan Complaints on the Rise
Auto Loan Complaints Rise - PIRG
A sharp spike in consumer complaints about auto purchasing, leasing and finance since the beginning of the pandemic.
CFPB auto lending complaints jump 46% in 2023 - Auto Finance News
Consumer complaints submitted to the Consumer Financial Protection Bureau related to vehicle loans and leases increased 46.3% year over year in 2023, ...
Rising Auto Loan Delinquencies and High Monthly Payments
Delinquency rates on auto loans rose substantially to above pre-pandemic levels by the end of 2023, after falling to historical lows during the COVID-19 ...
Report: Auto loan complaints rise in pandemic. Purchasing a car is a minefield for consumers at even the best of times. Tricks and traps in the auto ...
Bad News: Negative Auto Equity On The Rise - CarPro
Edmunds says negative equity is on the rise, and that a growing number of Americans with auto loans owe more than their cars are currently worth.
CFPB Takes Action Against Wrongful Auto Repossessions and Loan ...
The report also highlights significant problems with add-on products that are packaged at the front-end of the auto loan, increasing the loan ...
Americans doomed — 22% owe more than their car is worth
According to recent data from Edmunds, a rising number of car owners owe more on their car than the vehicle's worth, termed “negative equity.” ...
What to Do if You Fall Behind on Auto Loan Payments
The bureau's review also cited problems with lenders adding on the cost of extra products or services to car loans, like extended warranties or ...
Negative Equity on the Rise: The Average Amount Owed ... - Edmunds
The share of Americans who are upside down on their auto loans is on the rise. · Consumers who are underwater on their car loans owe more money ...
Auto Loan Complaints Rise - PIRG
15 Some complaints describe. “yo-yo financing,” in which a dealer tries to change loan terms after a consumer has already driven off in their vehicle. Rising ...
Vehicle lending complaints increase 44% YoY - Auto Finance News
Problems with billing, interest rates and vehicle repossessions contributed to a 44% year-over-year increase in auto loan and lease complaints filed with ...
The Rising Tide of Auto Loan Defaults - Money Fit
A growing number of Americans are grappling with their car payments, marking the highest default level in nearly three decades.
Auto Loan Complaints Rise - Frontier Group
R.J. Cross · Deceptive add-ons. · High-pressure or deceptive sales tactics. · Broken billing and payment systems. · Harassment over ...
Auto Loan Delinquency Revs Up as Car Prices Stress Budgets
With the pandemic policy supports in the rear-view mirror, delinquency rates for most credit types have been rising after having reached very ...
Average Auto Loan Debt Grew 5.2% to $23,792 in 2023 - Experian
As in 2022, this increase was broadly based, impacting all U.S. regions and types of consumers who are financing their new and used vehicles.
Negative Equity Findings from the Auto Finance Data Pilot
Americans owed more than $1.6 trillion on auto loans through the fourth quarter of 2023, with more than 100 million active auto finance ...
Average Car Payment and Auto Loan Statistics: 2024 | LendingTree
Auto loan delinquency rates are up compared to last year. 4.4% of outstanding auto debt was at least 90 days late in the second quarter of 2024, according to ...
Paying off a car loan was hard enough. Then the pandemic hit.
Auto Loan Complaints Rise shows that rising debt and predatory behavior by dealerships and lenders are reflected in the CFPB's Consumer ...
Credit Card and Auto Loan Delinquencies Continue Rising
“Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic ...
Many more complaints about vehicle costs creating problems with other financial products, including credit cards, bank fees, and other loans. A pattern of abuse.