Rising interest rates could add to already elevated delinquencies in the coming months as the rate of past-due loans begins to surpass pre-pandemic levels. Auto loan balances 30-plus days delinquent tallied 2.23% in Q1, up 40 basis points (bps) year over year but still below Q1 2020’s 2.44%, according to Experian. Balances 60-plus days delinquent […]
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