This Auto Loan Practice Is Leaving Borrowers Deep In Debt Scripps News Propublica Investigation

Auto Loan Delinquency Rising But Mostly In Subprime Borrowers Many of us need a loan to buy a car, but one lender’s practices are driving borrowers deeper into debt. scripps news and propublica dive into the world of au. Propublica and scripps news collaborate on investigation into used car loan hidden costs. sept. 12, 2024 by molly miossi. atlanta – in a joint investigation published today, propublica and scripps news reveal a pattern of complaints against exeter finance – one of the largest auto lenders in the nation. reporters spoke to dozens of.

Auto Loans Shrink For Borrowers With The Worst Credit Using her loan statements, propublica calculated that patterson had paid exeter $17,097 over three years. about 80% of that had gone to interest, leaving her with more than $11,000 in debt. Using her loan statements, propublica calculated that patterson had paid exeter $17,097 over three years. about 80% of that had gone to interest, leaving her with more than $11,000 in debt. Propublica’s analysis found that nearly a quarter of exeter loans from 2020 and 2021 — more than 65,000 — ended like patterson’s did, with borrowers stopping repayment early. advertisement. In a joint investigation published sept. 12, propublica and scripps news reveal a pattern of complaints against exeter finance — one of the largest auto lenders in the nation. reporters spoke to dozens of borrowers who were given the option of skipping payments when they got into financial trouble but were surprised to learn they then owed large lump sums at the end of their loans.

Americans Have 1 42 Trillion In Auto Loan Debt And Industry Is Off The Propublica’s analysis found that nearly a quarter of exeter loans from 2020 and 2021 — more than 65,000 — ended like patterson’s did, with borrowers stopping repayment early. advertisement. In a joint investigation published sept. 12, propublica and scripps news reveal a pattern of complaints against exeter finance — one of the largest auto lenders in the nation. reporters spoke to dozens of borrowers who were given the option of skipping payments when they got into financial trouble but were surprised to learn they then owed large lump sums at the end of their loans. Propublica and scripps news collaborate on investigation into used car loan hidden costs sept. 12, 2024 by molly miossi. atlanta in a joint investigation published today, propublica and scripps news reveal a pattern of complaints against exeter finance one of the largest auto lenders in the nation. reporters spoke to dozens of borrowers who. As a result, since 2020, the nation’s auto loan balance jumped 28% and now totals more than $1.5 trillion, making it the fastest growing type of consumer debt in the u.s., according to data from.