Marketplace
Prof. Christopher Palmer speaks with Marketplace reporter Carla Javier about the rise in auto loan delinquencies, noting that defaulting on a car payment is usually a borrower’s last resort, since people often need cars to get to work, so they’re more likely to not pay other bills first. “That could include not paying their mortgages or their rent, in part because it takes a long time to evict someone or to foreclose on a house,” Palmer explains.