Loans
What Bubble? Record $924 Billion In 65 Million Auto Loans: 31Percent Of All New Loans Are Subprime
Earlier today, credit agency Equifax piggybacked on Experian’s auto loan data, and reported the following: The total balance of auto loans outstanding in August is $924.2 billion, an all-time high and an increase of 10.
40 million Americans now have student loan debt
Carrying tens of thousands of dollars in student loan debt has become the new normal. Thanks to climbing tuition and inadequate college savings, 40 million Americans now have at least one outstanding student loan, according to new analysis from credit bureau Experian. That’s up from 29 million consumers in 2008.
