America's obsession with trucks and SUVs is helping push car loan payments to a 10-year high

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America's obsession with trucks and SUVs is helping push car loan payments to a 10-year high
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The keenness for big cars have boosted loan delinquencies to record highs.

in savings, and nearly a quarter can't cover their living expenses from their emergency savings accounts.

And, keen on selling these big vehicles regardless, lenders have been offering loans to just about anyone — even those with credit scores under 600. As Business Insider's Frank Chaparro reportedAccording to data from Experian, the balance of deep subprime loans — those given to people with credit scores of 300 to 500 — increased 14.6% from 2015 to 2016.

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