Americans Owe $902.2 Billion In Car Loans, A Record High (And Most Are Re-paying On Time)
July 25, 2014 at 11:00 AM EDT
According to consumer credit reporting agency Equifax, Americans now owe a staggering $902.2 billion in auto loans -- a 10 percent increase from this time last year and an all-time high. That might seem like terrifying news to folks wary of debt or those who fear another lending bubble like the one that helped launch the Great Recession. But...