The Ramsey Show Youtube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. American households carry $1.66 trillion in auto loan balances collectively as of Q3 2025, according to the Federal Reserve Bank of New York (1). While there may be many different reasons that justify taking on massive auto debt, for Emmanuel from Texas, that justification appears to be a “super difficult mother-in-law.” As he explained to Dave Ramsey on an episode of The Ramsey Sho ...

Americans are struggling to pay their bills, and the collapse of a major auto lender shows just how dire things are getting. Tricolor Holdings, a Dallas-based used-car dealer that made loans to people with poor credit, filed for bankruptcy on Wednesday. The company operated 65 dealerships across six states and specialized in selling cars to Spanish-speaking buyers who couldn't get loans anywhere else. Must Read The company's failure comes at a time when millions of Americans can't keep up with their car ...