Record Number of Lower-Income Americans Fall Behind on Car Payments

The auto industry’s “check engine” light has been on for far too long, and now it’s blinking urgently. Unfortunately, for some lower-income drivers, it may be too late to fix, despite repeated warnings from Sheldon. Odometer reading: In September, the number of American subprime (credit scores below 670) auto borrowers at least 60 days behind…

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