Tag Archives: autoloan

Household debt increased in the first quarter before the COVID-19 pandemic, driven primarily by the housing market. Debt levels across other credit products, including auto loans, dipped slightly, the Federal Reserve Bank of New York reported Tuesday. The New York Fed noted that because individual consumer credit reports typically are …

The falling number of credit inquiries for auto loans, in the middle of a pandemic, should not shock anyone. After all, with many states under stay-at-home orders during March and people experiencing uncertain economic times, the Consumer Financial Protection Bureau’s Consumer Credit Panel’s look at how the coronavirus affected that …