US car repossessions surge as more Americans default on auto loans
https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy
#HackerNews #USCarRepossessions #AutoLoans #EconomicTrends #FinancialCrisis #DefaultRates
"Auto loan delinquency is officially at its highest level of all time.
Add another straw to the camel’s back.
Eventually, one of these insignificant straws, will cause the entire camel to collapse."
-S Hakimian
#AutoLoans #Trumpcession #Austerity #Stagflation #Tariffs #TrumpRegime #Resist #June14 #USPol
And if the US has to pay more in interest to borrow cash to pay its bills, that could filter out & cause interest rates to rise for US #households & #businesses too, everything from #mortgage rates to #AutoLoans rates to #CreditCards. That could slow the #economy.
…the #credit downgrade does comes ahead of a key period for Washington, where it’s set to debate potential cuts in #taxes for corporations & the wealthy that could suck away more revenue, as well as the nation’s #DebtCeiling.
oh shit .. 05:15 in the morning
just spend a night researching #US #consumer houshold #debt, without noticing
at least you can profit of my stupidity because I'm telling now that the world is clearly headed into a 2008 style global #EconomicCrisis
epicenter will again be the #USA
this time it isn't going to be just a #mortage default crisis but a everything default (#AutoLoans, #CreditCard, #StudentDebt, ..)
and the trigger is #tariffs & #doge adding to an already financially hurting nation
Americans Under Increased Financial Stress
Read more 👉 https://lttr.ai/AbWv3
Credit card balances, mortgage loans, and auto loans are at record-high levels as delinquency rates for most debt types continue to climb, causing concern about the U.S. consumer-driven economy among economists and financial analysts.
The median credit score for newly originated mortgages remained consistent at 770.
Read more 👉 https://lttr.ai/Aafc8
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Credit card balances, mortgage loans, and auto loans are at record-high levels as delinquency rates for most debt types continue to climb, causing concern about the U.S. consumer-driven economy among economists and financial analysts.
Credit bureau reports will reflect the missed Federal student loan payments only at the end of 2024.
Read more 👉 https://lttr.ai/AZ4XR
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Credit card balances, mortgage loans, and auto loans are at record-high levels as delinquency rates for most debt types continue to climb, causing concern about the U.S. consumer-driven economy among economists and financial analysts.
Due to these policies, less than 1% of the total student debt was reported as 90+ days delinquent or in default in 2023 and is expected to remain low until at least the end of 2024
Read more 👉 https://lttr.ai/AZ4S9
#CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live
Credit card balances, mortgage loans, and auto loans are at record-high levels as delinquency rates for most debt types continue to climb, causing concern about the U.S. consumer-driven economy among economists and financial analysts.
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