More paying auto loans on time

By Associated Press
Posted Aug. 30, 2010 at 6:21 a.m.

In another sign that borrowers have taken tighter control of their debt, late payments on auto loans dropped in the second quarter. The rate of payments 60 days or more past due dropped to 0.53 percent of outstanding auto loans in the April-to-June period, from 0.73 percent a year ago, according to credit reporting agency TransUnion. Get the full story>>

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