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Financial hardship decreases as pandemic benefits fade

Auto accounts under financial hardship have dropped to 2.09% in May

Riley Wolfbauer

The number of accounts in financial hardship continues to decrease as loan accommodation programs and government relief for consumers also decline. Auto accounts under financial hardship — defined as a deferred payment, frozen past due payment, forbearance program or frozen account — dropped to 2.09% in May 2021, a decrease of 495 basis points YoY, […]

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