The number of people defaulting on their subprime auto loans is nearing levels not seen since the 2008 global financial crisis. This is according to a new report from Florida-based fixed-income [.]
High loan interest rates and car prices have led to an increase in delinquent car loans, leading to a rapid expansion of the towing and recovery industry.
Repossession companies are reportedly preparing for a boom period as consumers struggle to pay bills. “As the economy curves down, our industry curves up,”…