Reported 1 day ago
Tricolor Holdings, a major used-car lender in the U.S., has filed for bankruptcy as mounting debt problems lead to a record number of Americans struggling to make car payments. With car repossessions reaching 1.73 million in 2024, a growing percentage of borrowers are falling behind, signaling a potential economic crisis. Experts advise those facing payment issues to promptly communicate with their lenders and explore refinancing options while emphasizing the need for better financial preparedness.
Source: YAHOO