Sentences with phrase «highest consumer debt category»

Not exact matches

Scores below 580 are indicative of a consumer's poor financial history, which can include late monthly payments, debt defaults, or bankruptcy; individuals in this «subprime» category can end up paying auto loan rates that are 5 or 10 times higher than what prime consumers receive, especially for used cars or longer term loans.

Student loan debt is a persistent drag on the economic lives of many Americans — only mortgage debt ranks higher on the list of largest categories of consumer debt.