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Delinquencies tick up in July as COVID assistance ends

Lenders brace for rise in auto-loan delinquencies

Riley Wolfbauer

Delinquencies began to rise in June and July following more than a year of record-low delinquency rates amid the COVID-19 pandemic. Unemployment and pandemic-related payment moratoriums kept delinquencies low for much of the past year, but as assistance programs end in the next few weeks — and 11.7 million people still rely on those programs […]

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