Browsing Tag Credit Acceptance Corp

Subprime Auto Loans: Breakdowns Up Ahead

The overheated subprime auto loan market is heading for a breakdown. ┬áCapital is pouring into this market despite – and driving – its increasingly poor credit characteristics. ┬áThis market’s increasingly weakened underwriting standards will result in increased borrower defaults, the collapse of industry lenders, substantial investor losses, and a renewed shortage of credit to potential more…

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