Payment News
TransUnion: Late auto-loan payments down in 1Q
The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as lenders financed more vehicle purchases for high-risk borrowers.For the January to March quarter, the rate of U.S. auto loan payments at least 60 days overdue declined to 0.36 percent, or down about 27 percent from the same period last year, credit reporting
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