Experian Automotive Talks to 'Auto Trends' About the State of Car Financing

Melinda Zabritski, who is the head of automotive financial insights for Experian Automotive, talks car payments and more. (Photo Credit: EA)

Over the past two years, the Federal Reserve has raised interest rates have 11 times. 

Melinda Zabrintski, who is the head of automotive financial insights for Experian Automotive, joins Auto Trends with JeffCars.com, the only multicultural syndicated automotive program in North America, to talk about the effect the rates have had on consumers financing and leasing new and used vehicles. 

Experian Automotive is a division of Experian credit, one of the leading credit bureaus in the U.S.

Moreover, Zabrintski touches on where consumers are getting their financing from.

Free Credit Reports Available Through The End Of 2023

The three nationwide credit reporting agencies – Equifax, Experian and TransUnion – are taking joint action to continue offering free weekly credit reports to consumers in the United States through the end of 2023. This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty coming out of the COVID-19 pandemic.

2017 Equifax Credit Breach Impacts 147 Million Users: How To Can Claim Your Settlement

More than 147 million people credit data was exposed, as a result of cyber hacking in 2017. A settlement of close to $700 million was recently announced by Equifax. To find out if you qualify, view the video for more details.

Post Recession: Consumer Auto Loans Soaring Again

you're in the market to buy a vehicle, there is good news. Financial institutions continue to loosen their purse strings (or wallets) readily making auto loans available again now that we have seeming turned the tied from the economy almost collapsing. According to Equifax,one of the three credit agencies, consumers are getting back on track, repaying their car loans -- as opposed to defaulting. Delinquency rates within the auto portfolio are also improving, and by year-end 2012 decreased by nearly 11 percent from this same time a year ago, while auto loan losses in that same period dropped nearly 10 percent.

To read more about consumer auto loans increasing to $782 billion, click here.