Credit specialists warn of creeping negative equity

Credit specialists warn of creeping negative equity

Dark clouds appear to be gathering throughout the credit landscape in Canada, as well as the forecast is starting to seem like pain.

In a March report, credit-rating company Moody’s stated how many car customers with negative equity, which occurs whenever a car buyer owes more about a trade-in automobile than it really is well worth, is in the increase in Canada, using the blame, in part, likely to longer terms on automotive loans.

“Longer consumer auto-loan terms increase ‘negative equity’ . 继续阅读“Credit specialists warn of creeping negative equity”