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