More than 100 million Americans have an auto loan and auto loan debt in the U.S. is at a record high of $1.56 trillion. Between the Covid-19 pandemic, supply chain issues, alleged predatory lending practices, inflation, and the Federal Reserve’s interest rate hikes, getting an auto loan is getting increasingly difficult and costly. CNBC spoke with Chase Auto and Toyota Financial Services to learn what’s happening in the auto loan industry and what consumers can do to make sure they’re protected.

Chapters:
00:00 — Introduction
01:51 — How auto loans work
05:49 — Market changes
08:19 — Alleged predatory lending
13:19 — Consumer protection

Produced and Edited by: Emily Lorsch
Animation: Alex Wood, Jason Reginato
Senior Managing Producer: Tala Hadavi

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Why Americans Are Falling Behind On Car Loans

Inflation continues to have a big impact on Americans’ budgets with many falling behind on their car loans and credit cards. NBC News’ Tom Costello has more details on the debt impacting wallets across the country.

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If you are under debt review, but still battling with your repayments then it is time to see your debt counsellor, says DCM group marketing director Anjela da Silva. Read full story: http://www.fin24.com/Debt/Multimedia/Under-debt-review-but-falling-behind-20140606

Saving her can land him in a hangman’s noose at low tide in Charles Town Harbor. Repaying her debt to him will consign her to a life worse than death.

When confronted with a forced marriage, Travay Allston flees her stepfather’s Jamaica plantation and dives into the sea. Death would be preferable to life with Sir Roger Poole, a drinking, gambling, scoundrel whose advances make her skin crawl.

Lucas sails the high seas as the dreaded Captain Bloodstone. He is on a quest to find his mother, a woman last seen clapped in irons by the Spanish. As his ship slips past Jamaica, he spies a young woman plunge into the sea. A prize of such beauty must be saved and Lucas dives in to rescue her. The last thing Lucas needs is to get involved with Travay, a childhood friend who caused him nothing but trouble. Especially now that she’s become a stubborn, alluring young woman.

Lucas delivers Travay to her aunt in Charles Town and washes his hands of the affair. Or so he thinks. But when Sir Roger shows up demanding that Travay marry him or face the wrath of Charles Town’s newest council member, Lucas feels that familiar boyhood tug on his heart. Will this wanted pirate of the crown risk his life to save Travay a second time? Betrothed to a man she hates, will Travay repay her debt to a pirate by marrying Sir Roger in exchange for his promise to pardon Lucas? And if she does, will such a rascal keep his word? Falling in love with the pirate was never part of her plan …