Consumer financial hardship soars in April | Auto Finance News | Auto Finance News

Consumer financial hardship soars in April

© Can Stock Photo / AndreyPopov

The number of consumers considered to be in “financial hardship,” or 30 days past due on their auto loans, spiked in April, rising to 3.54% of total outstanding auto loans, up from 0.64% in March, according to a new study from TransUnion. The credit reporting agency defines financial hardship as “factors such as a deferred […]

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