Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.

That could hurt consumers but benefit banks and dealerships.

New car sales have been high for the past few years, and that means there are a lot more car loans out there. There are a lot more delinquent ones, too. According to a report from the New York Federal Reserve, 7 million borrowers are at least 90 days late on their payments, the highest […]

Did we not learned anything in 2008?

LendingClub, the peer-to-peer loan company, is getting into the auto loan business. Americans borrow over $500 billion a year to help pay for their cars. But there’s a lot of room on the road for more business — only $40 billion a year is refinanced. Also, Lending Club says the company has already invested in its […]

Experian says borrowers are "very prime," but not everyone agrees.

We're borrowing more cash than ever to buy cars – and banks are happy. For now.