Oil boom fuels auto debt bubble in West Texas – Drivers in Midland and Odessa have held the highest average amount of auto loan debt in the U.S. for. the boom-and-bust nature of the West Texas towns known for skyrocketing housing prices and even.
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Record 7 million Americans are 90 days behind on car loan payments, N.Y. Fed report says – alana frierson painfully recalls the day her car was repossessed. "We were devastated. I was devastated," she said. A city worker in Fort Worth, Texas, she fell months behind on her loan payments..
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Auto Loan Fraud Soars in a Parallel to the Housing Bubble – Those fraud rates are coming. default on their car loans within a few months of buying their cars, often a sign of a loan obtained fraudulently. Those “hot spots” include fort myers, Florida; Salem.