Credit reporting agency credits lenders' risk assessment, portfolio management and credit availability for record numbers of auto loan originations.
Both numbers of cards and amounts charged are higher.
Demand for new cars and light trucks pushed auto loan originations to $69.6 billion in January and February, most since 2009.
As of March 2013, 38.6 million Americans have a combined $869.9 billion of student loan debt, which represents an increase of 16% from the same time just one year ago at $748.6 billion. Further, there are currently more than 125 million student loans outstanding, indicating the average student takes out...
At 14.6 million, the total number of auto loan originations from January to August 2012 is at its highest mark since 2007.
Equifax economist says average age of cars on road is now the highest ever recorded.
Credit cards, auto loans, mortgage loans, home equity all show improvement; student loans the exception.
As the prices for new and used cars edge higher, more consumers are opting to ride off the dealership’s lot in a leased vehicle.