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43% of Americans Driven Into Debt Over Car TroublesCHARLOTTE, N.C., July 28, 2020 /PRNewswire/ -- A monthly auto loan payment is just a fraction of the true cost of car ownership. Drivers need to consider auto insurance, routine maintenance and gas, as well. But one aspect of car ownership can be much less predictable: car repairs. About 43% of Americans have gone into debt because of car trouble, and 28% of drivers would not be able to make a $500 car repair without going into debt, a July 2020 LendingTree survey found. Full Report: https://www.lendingtree.com/personal/car-repair-debt-survey/ Key Findings:
To view the full report, visit: https://www.lendingtree.com/personal/car-repair-debt-survey/ About LendingTree LendingTree (NASDAQ: TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, refinances, auto loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring, customized recommendations to improve credit health, and notification when there are opportunities to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree. Media Contact: View original content to download multimedia:http://www.prnewswire.com/news-releases/43-of-americans-driven-into-debt-over-car-troubles-301101413.html SOURCE LendingTree.com |