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February 2019 Archives

Record number of Americans are in default on their auto loans

As auto loan debt surges, so too do Americans who are struggling to meet these financial obligations. According to the New York Federal Reserve, more than 7 million people were 90 days or more behind on auto loan payments at the end of 2018. At the same time, auto loan debt increased by $584 billion. This marks the biggest increase since the federal reserve started tracking these numbers.

Wisconsin bankruptcy filings declined again in 2018

Data recently released by the U.S. Bankruptcy Court for last year shows that Wisconsin continued to see a reduction in the number of bankruptcies filed in the state in 2018. The number of people pursuing this type of debt reduction starting trending downward once the economy started recovering in 2010 after the 2008 recession.

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