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Longer-term car loans seen as debt pitfall

Longer-term car loans seen as debt pitfall
Dennis Jungmeyer, president of the Arkansas Automobile Association, said the people most likely to take out a long-term loan are first-time buyers or those with poor credit. “It allows people with lower credit scores to qualify,” he said. “More people …
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Bad loans spike in first quarter
Bad credit-card and personal loans surged at a double-digit pace in the first three months of 2015, reinforcing signs that individuals’ debt repayment ability is deteriorating amid the stuttering economy. Non-performing loans (NPLs) for credit-card …
Read more on Bangkok Post