florida holds 8 th rank in auto loan delinquencies l.
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Rising unemployment and falling incomes were the main culprits for the higher delinquency rates in U.S.A. during recession./nAs such delinquency rates increased and it also affected the auto loan category

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Florida holds 8th rank in auto loan Delinquencies


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Presentation Transcript
loan delinquencies in usa

Rising unemployment and falling incomes were the main culprits for the higher delinquency rates in U.S.A. during recession.

As such delinquency rates increased and it also affected the auto loan category.

Floridians have the eighth most auto loandelinquencies in the nation.

Loan delinquencies in usa

© Auto Relief Group www.autoreliefgroup.com

signs of recovery

In recent news, TransUnion, a credit and information management company, announced that auto loan, home mortgage and credit card delinquency rate has come down in the last quarter of 2009.

The national average for auto loan delinquencies was 0.81 percent.

The reduced rate is a clear indication of economic recovery. However, complete recovery will take some time.

SIGNS OF RECOVERY

© Auto Relief Group www.autoreliefgroup.com

present situation

U.S. economy is recovering but we cannot expect all jobs lost to come back instantly.

Americans who lost their jobs, suffered salary cuts, etc will need to have some patience and spend their dollars intelligently.

PRESENT SITUATION

© Auto Relief Group www.autoreliefgroup.com

possible solutions

U.S resident has to spend much of their income in paying off debts. Lowering that amount will help them save more dollars.

Loan delinquencies can be avoided as it does no good to both parties i.e. lender and borrower. Thus, we can opt for an auto loan modification procedure which is cheap and takes only about 3-5 weeks to help us lower our monthly payments.

This can be done through a loan modification procedure. Going for an auto loan modification is a much easier and hassle free process as it requires less time and documentation.

Possible solutions

© Auto Relief Group www.autoreliefgroup.com

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Auto Relief Group based in Florida offers car / boat / RV Loan Modification service to Americans.We assists car owners in renegotiating their car loan or lease, avoid repossession and maintain ownership of their vehicle by working directly with lenders to restructure loans, extend terms or reduce payments.We provide our clients with customized reports, expert advice and negotiation assistance when restructuring their car loans.

Website : www.autoreliefgroup.com

Blog : www.autoreliefgroup.wordpress.com

LinkedIn : www.linkedin.com/in/autoreliefgroup

Facebook : www.facebook.com/pages/Auto-Relief-Group/236140792410

Twitter : www.twitter.com/Anthony_ARG

(877) 216 - 7203

(877) 259 - 3559

(877) 842 - 7667

autoreliefgroup@gmail.com