The auto-loan market has been called “stretched,” but it’s far from being the powder keg that the mortgage market was when the globe plunged into a financial crisis some eight years ago, loan and credit experts emphasized.

Topics:  auto   market   
BING NEWS:
  • Nearly 50 million Americans are now 'subprime borrowers' forced to take higher interest loans and credit cards (if they can get them)
    Some banks might avoid giving credit cards or auto loans altogether - as people in this range are seen as much riskier to lend to. A score below 601 also makes it difficult for Americans to rent ...
    04/10/2024 - 3:29 am | View Link
  • Trump's $175M Bond Is Backed By A 'King Of Subprime Car Loans'
    In a recent development, Los Angeles-based subprime auto loan billionaire, Don Hankey, has posted a $175 million bond for former President Donald Trump through his company, Knight Insurance Group.
    04/2/2024 - 9:53 am | View Link
  • “Sounds familiar”: Expert flags details on “king of subprime car loans” who helped Trump post bond
    MSNBC legal analyst Lisa Rubin noted that Hankey is the so-called “king of subprime car loans.” Hankey is “best known in the business world for making high-risk, high-interest loans to car ...
    04/1/2024 - 9:09 pm | View Link
  • Interest Rates, High Payments Hit Subprime Auto Loans Hardest
    Chicago-based TransUnion says auto loan and lease originations were up for borrowers in the “super prime” risk category — only. Those were up 5.8% vs. the same quarter a year ago.
    12/28/2023 - 6:07 am | View Link
  • Subprime Auto Loans Get Riskier, Harder To Come By, TransUnion Says
    Auto lenders are likely to respond by making subprime auto loans ... along with economic stressors presented by the COVID-19 pandemic, has resulted in lender pullback across all risk tiers ...
    08/20/2020 - 4:26 am | View Link
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