Debt & Savings
Car Loan Delinquencies Hit Record for Riskiest Borrowers
Americans are struggling to afford their monthly auto payments, the latest sign of pain for lower-income borrowers.
Many borrowers are also dealing with high interest rates on their loans.
Photographer: Scott Olson/Getty Images
More Americans than ever are falling behind on their car payments.
The share of subprime borrowers at least 60 days past due on their auto loans rose to 6.65% in October, the highest in data going back to 1994, according to Fitch Ratings.