#carloans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #carloans, aggregated by home.social.
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As the ramifications of the court finding in favour of consumers miss-sold car financing ripples though the banking sector we're starting to see how much money might be involved in compensation;
Lloyds have already allowed £450mn in their accounts to cover settlements while Santander have set aside £295mn.
Estimates that the entire compensation could finally be around £30bn nw don't look so off the mark.
A lot of people in banking are hoping the appeal is successful!
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Auto loan debt currently makes up over 9% of all outstanding household debt. Its growth accompanied a rise in total household debt, which stood at $16.51 trillion as of November 2022, an increase of over $2 trillion since the end of 2019. Auto loan debt is the third-largest category of American household debt after mortgage debt ($11.67 trillion) and student loan debt ($1.57 trillion), both of which have also increased steadily since 2011.
https://www.investopedia.com/personal-finance/american-debt-auto-loan-debt/
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Not sure if I'm doing this correctly, but delighted to be part of #IrishMastodon despite living in #nyc. Some hashtags to introduce myself: #lawprof #lawprofs #lawtwitter #cardozo #bankruptcy #bankruptcies #chapter11bankruptcy #contracts #consumerdebt #carloans #finance #corporations
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Goldman Sachs leads $45M investment into auto fintech startup MotoRefi - MotoRefi has raised another $45 million in a round led by Goldman Sachs just five ... - http://feedproxy.google.com/~r/Techcrunch/~3/BvSFt96N4Tk/ #transportation #goldmansachs #automotive #autoloans #carloans #motorefi #finance #fintech #tc