Consumer borrowing up in March
Borrowing amongst consumers increased in March as more Americans took out loans for schooling and automobiles, according to the Federal Reserve.
Consumers taking out larger car loans
Auto buyers seem to feel comfortable taking on more debt, as a new report from Experian Automotive found that borrowers took out a record amount of loans during the first quarter of 2014.
Retail sales rise with help from the auto industry
Retail sales showed promise in May with some assistance from car-buying consumers.
Car makers looking to issue more loans
Generally when a consumer is ready to purchase a car, they will meet with a lender in order to get approved for a loan.
Drivers are content with older models
Consumers may not need to take out a loan for their next automobile purchase, as more drivers on the road are sticking with older models, according to a new report from Experian Automotive.
Auto loan debt increased last quarter
According to the most recent quarterly report on household debt and credit, released by the Federal Reserve Bank of New York, more people are taking out loans for cars than homes.
Auto loan late payments see slight increase, but remain low
New auto loans may be on the rise, according to the Federal Reserve Bank of New York, but auto loan delinquencies are also increasing.
How does your credit union handle auto loans?
Car sales are increasing as the economy improves, and credit unions can get in on the auto loan game.
Do your members understand credit union benefits?
People join credit unions for the benefits they offer over traditional banks, whether that means a free checking account, competitive loan products or even a better company culture.
Loan delinquencies fall to record low
Consumer delinquency rates on auto, home improvement and personal loans all fell in the second quarter of 2014, according to research from the American Bankers Association.
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