More Americans Are Falling Behind On Car Payments

(New York, NY) -- More Americans are falling behind on their car payments. 

A new report by the credit reporting firm Experian shows the percentage of auto loans late for more than 60 days was higher in the fourth quarter of 2018 than it was a year earlier. 

Experian says the percentage of car loan delinquencies has been trending up over the past few years. But those late payment rates are still well below the record set in 2009 when the country was beginning to come up out of the Great Recession.

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