A new study by credit bureau TransUnion confirms something lenders have believed but generally couldn’t prove: Customers who completely pay off their credit cards every month are more likely to pay off their other debts, too, including auto loans.
Tag Archives: Business and Finance
More car buyers are upside down, but that’s OK, J.D. Power says
June 10, 2013
Guest Author
The average amount of negative equity in an existing auto loan is about $3,600, Power Information Network says.
The percent of buyers with negative equity has been creeping higher since 2011. But that’s not entirely bad news for retailers because it indicates customers with lower credit scores are getting financed, Power Information Network says.
