brought to you by the every dollar app start budgeting for free today forbs reporting americans

are overdue with their car payments at the highest rate in nearly 30 years higher car prices and

rising interest rates are hindering car owners ability to afford their vehicle payments as 6.1% of subprime auto borrowers

are at least 60 days past due on their loans, the highest percentage in data backing all

or dating back all the way to 1994 according to Bloomberg.

Gen Z and millennials may account for a significant amount of the borrowers behind on their auto loans as the two generations recorded auto loan

delinquency rates last year that were significantly higher than pre-pandemic levels, according to NBC News.

Interest rates for used cars are 13 and a half on average for those with fair credit,

but can rock it up to 21 with those with worst credit and subprime loans.

Wow.

Wow.

A behind on a subprime loan.

Yeah, they shouldn't have been buying these cars to begin with.

That's the problem.

Yeah.

It's that's the problem.

When it's subprime, it's because you got low credit, you've got low income. There's a reason that they don't want you borrowing money.

And so they say, well, we'll just jack up the interest rate, right?

So that we can cover our butts. You're a high risk borrower. Yep. So they're going to charge you

super high interest rates and continue your problem for you. Because they know. But I was forced to buy a car.

No, you weren't. They didn't not have a gun. You were not forced to do anything.

I have chosen to do some stupid things in my life, but I have to take ownership of the fact that I

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