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Unpaid subprime car loans hit 20-year high

2016-03-15 18:34:00| Oil & Gas - Topix.net

The rate of seriously delinquent subprime car loans soared above 5 percent in February, according to a Fitch Ratings review of loans that are packaged and resold on Wall Street. That's worse than during the Great Recession and the highest level since 1996.

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