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Signs of an Economic Revival: US Faces Less Delay on Loan Payments

Compared to last year, Americans are falling behind less on their automobile loan payments. At a rate of .41%, American’s rate is down .05% from last year, which is a good sign for economic recovery. Another sign of an improving economy is the amount that Americans are borrowing. This amount is also up: $13,747 per borrower compared to last year’s $13,045. While the country is still feeling the signs of economic downturn, at least auto-loan numbers indicate a turnaround.

About the Author

The author has many years of experience in automotive finance and insurance. However, each consumer's situation is unique. It is best to contact a finance specialist for further assistance.
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