Americans' car debt tops $1 trillion

Appearance, income may affect car loan

Is your car driving you into debt?

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


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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.

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