Milwaukee Boat loans hit choppy seas

Worsening 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.

http://www.jsonline.com/story/index.aspx?id=660784