{"id":43637,"date":"2017-02-10T21:37:31","date_gmt":"2017-02-10T14:37:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-car-loans-driving-us-towards-the-next-financial-crash\/"},"modified":"2017-02-10T21:57:12","modified_gmt":"2017-02-10T14:57:12","slug":"are-car-loans-driving-us-towards-the-next-financial-crash","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-car-loans-driving-us-towards-the-next-financial-crash\/","title":{"rendered":"Are car loans driving us towards the next financial crash?"},"content":{"rendered":"


\nFears are being raised that a boom in personal contract plans is fuelling another colossal build-up of debt in UK and US A huge increase in the amounts borrowed by already-indebted households in Britain and the US to buy new vehicles is fuelling fears that \u201csub-prime cars\u201d could spark the next financial crash.British households borrowed a record \u00a331.6bn in 2016 to buy cars, up 12% on the year before, said the Finance and Leasing Association on Friday. Nine out of ten private car buyers are now using personal contract plans (PCPs) that have boomed since interest rates fell to historic lows. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Are car loans driving us towards the next financial crash?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fears are being raised that a boom in personal contract plans is fuelling another colossal...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43637","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-blP","jetpack-related-posts":[{"id":60184,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-cheap-car-loans-steer-britain-to-a-financial-crash\/","url_meta":{"origin":43637,"position":0},"title":"Will cheap car loans steer Britain to a financial crash?","date":"July 8, 2017","format":false,"excerpt":"\r The car-led consumer credit explosion must be controlled, perhaps by bringing in affordability rules as with mortgagesIf you think Britain is teetering on a cliff-edge of impossibly high personal debt, then the website of The Car Finance Company will confirm your worst fears. Maybe you don\u2019t have a job\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1593,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-loans-drive-surge-in-uk-consumer-borrowing\/","url_meta":{"origin":43637,"position":1},"title":"Car loans drive surge in UK consumer borrowing","date":"January 15, 2016","format":false,"excerpt":"\r Personal loans and credit card borrowing jumped in November, says Bank of EnglandA surge in loans for new cars was behind a big increase in lending to households, according to Bank of England figures, which may raise fresh fears that families are falling into the trap of debt-fuelled spending.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-and-charities-urge-car-leasers-to-publish-sub-prime-loan-figures\/","url_meta":{"origin":43637,"position":2},"title":"MPs and charities urge car leasers to publish sub-prime loan figures","date":"July 2, 2017","format":false,"excerpt":"\r Fears over lending grow as 85% of new cars are financed using loans but car leasing lacks industry-wide figures for arrears and defaultsMPs and debt charities have called on the car leasing industry to reveal the number of people in arrears and defaulting on loans, amid fears that consumer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71006,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-mavericks-fuelling-our-specialist-car-boom\/","url_meta":{"origin":43637,"position":3},"title":"The mavericks fuelling our specialist car boom","date":"November 6, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...The mavericks fuelling our specialist car boom","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-bubble-returns-millions-to-days-of-2008-crash\/","url_meta":{"origin":43637,"position":4},"title":"Debt bubble returns millions to days of 2008 crash","date":"June 18, 2017","format":false,"excerpt":"\r Advisers call for action as growing numbers struggle with their billsCharities and financial advisers are calling on the government to use the Queen\u2019s speech to address the \u201cbubble\u201d of unmanageable debt that households are rapidly accumulating.Unsecured consumer credit \u2013 including credit cards, car loans and payday loans \u2013 is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/editorial-house-rises-fuelling-gap-in-society\/","url_meta":{"origin":43637,"position":5},"title":"Editorial: House rises fuelling gap in society","date":"April 16, 2016","format":false,"excerpt":"\r Auckland estate agents were jubilant this week at figures showing house prices and sales volumes in the city had taken off again.\"Recent fears of the Auckland market cooling have been overstated,\" the Real Estate Institute's chief...\r \r Source : nzherald.co.nz\/Property\r Read more...Editorial: House rises fuelling gap in society","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43637"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43637"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}