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( NewsNation ) — Americans with lower credit scores are falling behind on their car payments at the highest level in decades.
A record 6.65% of subprime auto loans were at least 60 days past due in October, the largest share in data going back to 1993, according to Fitch Ratings . That’s up from 3.76% four years earlier.
The increase suggests more borrowers — particularly those in riskier credit tiers — are struggling to keep up as total household debt climbs to $18.6 trillion.
Auto loans are the second-largest category of consumer debt, behind mortgages. A recent report from the Federal Reserve Bank of New York also p

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