Southern Cities Tops in Auto Loan Debt
Grits. Country music. Auto loans?
A USA Today article notes the ten cities where customers have the most auto loan debt, six of them are in the south, led by Shreveport, La.
The data came from personal finance site Manilla.com
Shreveport loan balances are at $18,603. Other cities on the list include number three Houston, Tex. at $17,281 and number nine Las Vegas at $16,257.
The article notes that the many cities in the South were not hit as hard by the recession, allowing consumers there more access to credit in the past several years.
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