Discover what loan default rates are, how they're calculated, and their role as economic indicators impacting lenders and borrowers. Learn the metrics used for assessment.

The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If you're ...

NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage ...

Why a 100-month auto loan might be a bad idea, according to experts - ‘Eight years and four months of debt in exchange for ...