Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
New Fed consumer survey and updated TransUnion data refute subprime stereotypes
Tuesday, May. 28, 2019, 03:14 PM
SubPrime Auto Finance News Staff
The narrative sometimes pushed by critics of subprime auto finance is that consumers who encounter financial problems in part because of their substantial vehicle payment turn to personal loans with interest rates sometimes higher than the ones connected to the ... [Read More]
Credit Acceptance adds COO to executive team
Friday, May. 24, 2019, 02:20 PM
SubPrime Auto Finance News Staff
Credit Acceptance Corp. created a new executive position this week and appointed an individual who has been with the company for 17 years to the position. According to a filing with the Securities and Exchange Commission posted on Thursday, Credit ... [Read More]
Auto defaults remain stable in April
Thursday, May. 23, 2019, 02:13 PM
SubPrime Auto Finance News Staff
Only once during the past 12 months has the auto finance default rate topped 1%. And the April reading remained steady on a sequential basis. This week, S&P Dow Jones Indices and Experian released data through April for the S&P/Experian ... [Read More]
TransUnion considers how quickly 2 auto-finance metrics might rise
Wednesday, May. 22, 2019, 03:38 PM
Nick Zulovich, Senior Editor
SubPrime Auto Finance News put Brian Landau on the spot a bit after TransUnion released its latest auto-finance data. The senior vice president and automotive business leader pondered the question about which of these milestones might happen first. Will the ... [Read More]
ALS Resolvion claims 2 industry awards
Wednesday, May. 22, 2019, 03:36 PM
SubPrime Auto Finance News Staff
ALS Resolvion, a nationwide skip-trace and repossession management firm, has been selected as an honorable mention winner within Digital Defense’s 2018 Client Recognition Award Program, which recognizes organizations that display the highest level of network security. This accolade arrived soon ... [Read More]
Total Finance chooses Westlake Portfolio Management
Wednesday, May. 22, 2019, 03:34 PM
SubPrime Auto Finance News Staff
According to a news release distributed on Tuesday, Westlake Portfolio Management (WPM) has been selected as the third-party servicer by Total Finance for its $100 million automotive portfolio. The company highlighted approximately 84% of the $100 million portfolio at the time ... [Read More]
RDN unveils ‘all-in-one solution’ to track repossessions
Tuesday, May. 21, 2019, 03:00 PM
SubPrime Auto Finance News Staff
Weather conditions, sports scores and now repossession status are all things that auto-finance company managers can track online and in real time. Recovery Database Network (RDN), a business unit of KAR Auction Services, announced the launch of what the company called ... [Read More]
Latest Equifax data shows continued interest in subprime to open 2019
Monday, May. 20, 2019, 03:23 PM
SubPrime Auto Finance News Staff
The latest auto-finance information available from Equifax revealed trends that made the company give bullish projections of what the subprime slice of the market might be like for the rest of the year. Equifax’s auto-loan originations observations through January reported ... [Read More]
DOWC launches partnership with Allstate Dealer Services
Monday, May. 20, 2019, 03:21 PM
SubPrime Auto Finance News Staff
Dealer Owned Warranty Co. (DOWC). a provider and administrator of F&I products and services, recently partnered with the Allstate Corp. Like dealers, customers depend on the integrity of their vehicle service contracts and warranties. DOWC strives to ensure the successful ... [Read More]
masterQueue closes funding, adds director of operations
Friday, May. 17, 2019, 02:47 PM
SubPrime Auto Finance News Staff
Intellaegis now has additional funding and manpower to accelerate the growth of masterQueue, its debt collection software. The company announced this week that it closed on its first round of institutional funding since its launch at Finovate in 2011. “To ... [Read More]