• Americans' car debt tops $1 trillion


    Is your car driving you into debt?

    A new study is questioning who is getting car loans and at what cost.


    US Pirg and the Frontier Group says since 2009, the amount of money Americans owe on their cars has increased by 75%.

    Americans owe more than  $1.2 trillion on auto loans, the highest in U.S. history. 

    The study found a significant share of that debt is held by Americans with lower credit scores, who are particularly vulnerable to predatory loans with high interest rates and inflated costs.

    Are you following Clark’s maximum auto loan length rule?
    How to refinance your auto loan and possibly save hundreds of dollars a year

    Download WJAX Apps

    Next Up: