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According to LendingTree, the average monthly car payment was a record-high $738 in the fourth quarter of 2023 (up 2.5% a year prior) and auto loan balances now stand at $1.61 trillion, second only to...
Sort of coming up with unconventional ways of helping some of the people who are in the situations like this trying to avoid borrowing against their 401(k) or people who are facing foreclosure. >>guest: these are the people the least likely to get a long from a bank. they are unemployed. they can not get credit cards. very, very difficult to get a credit card. or any kind of credit. no, it is very hard to get a loan. can't get a mortgage. can't refinance. so the very people who need it the most, again, are having the most difficult time and that is why they are doing to this last resort. >> i ...