Car Loan Complaints Climb As Pandemic Squeezes Paychecks

The video discusses a surge in complaints about car payments in the US, highlighting issues such as rolling old auto loans into new ones and focusing on low monthly payments rather than the overall term. It advises viewers to file complaints with the Consumer Financial Protection Bureau if they encounter problems.

What time frame did the US Public Interest Research group analyze for the complaints?

• January to March

• March to July

• July to September

• September to November

Why do some people focus on low monthly payments instead of the overall term of the loan?

• To save money

• To reduce financial stress

• To get a new car sooner

• To avoid high interest rates