April 18, 2014

Auto Loan Delinquency Seen As Positive Indicator

Many are seeing the increase in delinquent payments on auto loans to be a positive sign of economic recovery. Lenders and banks becoming confident enough in their cash flow that they are relaxing their strictures on the loans rather than just writing them off. The recession hit lenders as hard as borrowers, but just as other forms of lending like mortgages have bounced back, so has the auto loan industry.

Read the full article here:
http://autos.yahoo.com/news/why-more-late-payments-on-auto-loans-are-actually-a-good-thing-212545792.html