Concerns rise over growing vehicle repossessions, mortgage defaults

Click On Detroit | Local 4 | WDIV
Click On Detroit | Local 4 | WDIV
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Published 2024-07-25
The cost of the cars we drive, the apartments we rent and homes we own are going up. It's causing an upward trend in car repossessions and defaults on home loans -- what can be done to protect your biggest investments?
All Comments (21)
  • @bobbykimble6358
    Wait I though the economy was amazing and inflation is back to normal!!
  • @mastermind.det313
    That's why everything I own I paid cash for it no payments if you gotta get credit to buy something apparently you don't need it
  • @thebrewmore264
    If you want a better quality of life. Vote for change. It wasn’t this way 4 years ago. It will only get worse if we don’t change leadership.
  • @lgee9027
    Stop buying it!!!! Simple watch the prices drop😮😮
  • @Bruce_Willard
    Keep voting blue no matter who till you end up on the street
  • @immastarseed4976
    Why aren't the people doing anything about these monopoly companies and thier laws??? This is ridiculous. Can we get a reset God?! Oh I forgot it's coming real soon. 🔥
  • @summaryjudgment
    If your car gets repossessed, it means you couldn't afford it in the first place. Use the money you used to spend on gas to buy a bike or a skateboard.
  • @aliciaknott8109
    Read the recent FTC nothing but greed buy a few corporations. It's sad because we helped these corporations stay afloat during the pandemic. I agree pay cash most of the time. I barley use my credit card, only to keep my score up. My car anc house are paid off. It's the legal pimp insurance companies for your house, car and health.
  • @Thomas-oe7gx
    Are you just realizing this it is worse than we are being told! people are broke. everything is sugarcoated.