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”