James Chessen Last Quotations

Gas prices don't look like they are coming down any time soon. Today, it costs $500 more than it did last year to operate a car. That's a whole lot of money.

The last two quarters have not been pretty. Gas prices are taking huge chunks out of wallets, leaving some individuals with little left to meet their financial obligations.

The industry is very sensitive to the fact that delinquencies have risen over the last two years. They have already taken steps to tighten underwriting standards -- to stop solicitations to risky customers.

With job growth strong over the last year and gas prices easing by year-end, the delinquency picture has brightened considerably.