[HN Gopher] U.S. Banks Missed Warning Signs on Tricolor. Now, Th...
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       U.S. Banks Missed Warning Signs on Tricolor. Now, Their Losses Are
       Adding Up
        
       Author : zerosizedweasle
       Score  : 12 points
       Date   : 2025-10-06 20:46 UTC (2 hours ago)
        
 (HTM) web link (www.barrons.com)
 (TXT) w3m dump (www.barrons.com)
        
       | WarOnPrivacy wrote:
       | The timing couldn't be worse for American families.
       | Total household debt has hit a record $18.39 trillion,
       | and Americans now spend about 11% of their income         just on
       | debt payments
       | 
       | In 2018 our household started to exit a decade of hard poverty.
       | FF to now and we have some savings and no debt. The other natural
       | outcome of saving-to-buy (now that we can afford to do that) was
       | zero credit ratings for the 6 of us.
        
         | bdangubic wrote:
         | 0 debt and 10k now with my upvote :)
        
           | WarOnPrivacy wrote:
           | Sweet. Thanks.
        
       | more_corn wrote:
       | Archive link doesn't work for Barron's.
       | 
       | For anyone not yet in the know apparently a subprime auto loan
       | company suddenly went bankrupt early last month amid accusations
       | of fraud
       | 
       | Alt link with related news: https://moneywise.com/loans/auto-
       | loans/tricolor-subprime-aut...
        
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       (page generated 2025-10-06 23:01 UTC)