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On account of tighter underwriting requirements, increased delinquency charges, and decrease credit scores, shoppers with academic debt might have more limited access to housing and auto debt and, in consequence, extra limited options within the housing and car markets, regardless of their comparatively high incomes potential.
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With this resolution, Ford seems to be backing away from the strategy of transferring small-automobile manufacturing to Mexico, which has emerged lately as a key hub for the global auto industry, and underscores China’s growing affect within the auto market.