Sunday, November 2, 2008

Car Loan Defaults Could Reach Record Numbers (CBS4 Miami)

Home foreclosures are hitting high numbers, but there are also a large number of car loans being defaulted on in these tough times. The vehicle auction company ADESA predicts there will be around 1.9 million repossessed vehicles this year, a new record.  Nonetheless, there's good news for people searching for credit.

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