Auto loans at least 60 days behind have fallen across the US, a report said on Monday.
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Auto loans rates are falling, while late payments on auto loans also fall in the second quarter. The latter indicates that consumers may be taking more control over their debt. As a result, car buyers may be in better shape to take advantage of the falling rates on auto loans and can consider refinancing. If you are considering auto refinancing, you will find that it is much easier and cheaper ...
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Auto loans can be refinanced, too
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NEW YORK -- It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention.
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NEW YORK -- In another sign that borrowers have taken tighter control of their debt, late payments on auto loans dropped in the second quarter.
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It’s easy to overlook the cost of auto loans. Yet rates on auto loans have edged lower. And car buyers who didn’t get the best terms in the past year or so can refinance their loans. Loan - Mortgage - Refinancing - Automobile - Business
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ON TIME: In another sign that borrowers have taken tighter control of their debt, late payments on auto loans dropped in the second quarter. The rate of payments 60 days or more past due fell to 0.53 percent of outstanding auto loans from 0.73 percent a year ago, according to credit reporting agency TransUnion.
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