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Report: Number of Late Auto Loan Payments Continues to Grow
Over 9% 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 a report from Fox Business.
Currently, the stress is concentrated among borrowers with lower credit scores, but could spread if the U.S. economy enters a recession, the report said.
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