Can You Say, The Organic Material is Getting Ready To Hit The Industrial Arial Propulsion System?-Wave Of Repos Imminent As Subprime Auto-Buyers Miss Payments

“Let them eat cake”, (a cheap low nutrition bread), the soon to be headless French queen Marie Antoinette

Subprime car lenders report a sharp drop in auto loan payments.

In a sign of upcoming trouble, Subprime Car Buyers Miss Loan Payments.

Credit Acceptance Corp., the lender to car buyers with subprime credit scores, warned it’s seeing a sharp drop-off in payments as people shift their financial priorities to get through the coronavirus pandemic.

As unemployment soars, borrowers are putting off payments or “reallocating resources,” Credit Acceptance said in a regulatory filing Monday, explaining that it needs more time to publish a quarterly report.

More:
https://www.zerohedge.com/personal-finance/wave-repos-imminent-subprime-auto-buyers-miss-payments

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