Milwaukee Boat loans hit choppy seas
September 13th, 2007Worsening credit crunch has area repossessions on the rise, experts say
By RICK BARRETTrbarrett@journalsentinel.com
Posted: Sept. 11, 2007
More consumers are getting swamped in their boat loans as credit woes worsen.
In the Milwaukee area, companies that repossess recreational watercraft say their business is up between 20% and 50% from a year ago. They’re hauling away boats that cost tens of thousands of dollars, or more, after the owners fall several months behind on their payments.
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