Auto loan delinquency rates rise in Alaska since recession began

Auto loan delinquencies in Alaska tend to track well below the national average, but that's changing, with borrowers here falling behind in their car payments at considerably higher rates since the recession began two years ago, according to the credit reporting agency Equifax.

The rate of "severe delinquencies," the term for loans at least 60 days overdue, rose fastest among borrowers with the weakest credit scores. By the middle of 2017, lenders appeared to have responded by tightening...

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