Consumer Reports study finds many pay high annual percentage rates despite good credit scores while car loan debt soars to $1.4bn
Americans with new car loans are paying about 25% more for their vehicles every month compared with a decade ago, according to a new investigation from Consumer Reports, with auto loan debt in the US now surpassing $1.4tn.
The investigation found that thousands of borrowers were charged with high interest rates even if they had a good credit score.
