Repo Rates Rise as Consumers Scramble to Make Ends Meet

NULL

Tax cuts and low inter­est rates have gen­er­at­ed extra mon­ey for con­sumers dur­ing the past four years, result­ing in few­er delin­quen­cies for auto­mo­tive cred­i­tors. Now, how­ev­er, repos­ses­sions are begin­ning to increase as con­sumers face ris­ing fuel costs, high­er mort­gage rates, and often have less mon­ey to pay expens­es.