Sentences with phrase «hold auto loan debt»

Not exact matches

Despite the drop off in subprime loans, borrowers with the lowest credit ratings still hold over $ 210 billion in auto loan debt or about 20 percent of the $ 1.1 trillion in total outstanding debt.

This client had never held debt of any kind (credit card, auto loan, student loan, etc) to build a credit history and a FICO score.

The direct consumer impact will be on U.S. variable - rate mortgage holders (as well as all those that hold other variable - rate tied debts, such as credit cards, auto loans and lines of credit).

Although mortgage debt is still the largest category of debt in the United States, the amount of debt held by students recently surpassed both credit card and auto loan debt.

Consumer borrowers owe $ 1.2 trillion in auto loans debt, and there are 23 million Americans who currently hold subprime auto loans.

According to the study, each Californian holds close to $ 70,000 in household debt, which includes credit cards, mortgage, auto, and student loans.

In simple terms, secured debts are those that require assets to be held as collateral, such as a house for a mortgage or a car for an auto loan.

Millennials — 21 to 34 - year - olds — hold an estimated $ 1.1 trillion of the country's $ 3.6 trillion in consumer debt, according to UBS, as rising student and auto loans outweigh a drop in mortgages.

Outstanding subprime auto debt (classified in the chart below as debt held by borrowers with origination credit scores under 620) now stands at about $ 300 billion... Since 2011, the overall delinquency rate of loans originated by auto finance companies has significantly deteriorated.