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
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Nicholas Financial Posts Record 3Q Revenue, Earnings
Thursday, Jan. 27, 2011, 12:00 AM
Nick Zulovich
CLEARWATER, Fla. — While Nicholas Financial disclosed earlier this month that the company could be sold, executives highlighted record net earnings and revenue figures for the third quarter. On Thursday, Nicholas Financial revealed net-earnings spikes of more than 50 percent ... [Read More]
Enterprise Taps DealerTrack for F&I Compliance Needs
Thursday, Jan. 27, 2011, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack and Enterprise Car Sales, a division of Enterprise Rent-A-Car, announced an agreement this week that means the used-car retailer will deploy the DealerTrack Compliance Solution in all of its more than 140 locations nationwide. Officials see the DealerTrack Compliance ... [Read More]
VantageScore Gets Upgrade to Better Help Lenders Gauge Consumer Scores
Tuesday, Jan. 25, 2011, 12:00 AM
Nick Zulovich
STAMFORD, Conn. — Used by top auto lenders to best gauge consumer credit conditions given the current economic environment, VantageScore Solutions recently revealed the latest version of its credit scoring model. VantageScore 2.0 came through a production process orchestrated by each of ... [Read More]
Lower Losses Are Leading Ford Credit to Close Nevada Collections Center
Tuesday, Jan. 25, 2011, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — SubPrime Auto Finance News recently learned that Ford Credit it is slated to close its Henderson, Nev., collections office in late March. A Ford Credit spokeswoman told SubPrime the office will close March 31 and "about 200 employees ... [Read More]
Edmunds.com: APRs Fell to All-Time Low in December
Tuesday, Jan. 25, 2011, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com recently discovered that lenders handed out the lowest-ever average annual percentage rates on their auto loans in December. Site analysts found the average auto loan carried an APR of 4.16 percent, down 0.33 points from November and 0.55 points ... [Read More]
Huntington Grows Auto Loans & Leases by $2.2 Billion Year-Over-Year
Tuesday, Jan. 25, 2011, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — In a discussion of Huntington Bancshares fourth-quarter results, management revealed that average consumer loans climbed by $500 million, driven largely by a $400 million uptick in average auto loans and leases. Auto loans and leases are up 7 ... [Read More]
SFG Finance Announces 2012 Contest For Brokers
Tuesday, Jan. 25, 2011, 12:00 AM
Nick Zulovich
ARLINGTON, Texas — SFG Finance — an active purchaser of auto finance receivables — revealed recently it has launched a contest for its brokers in an effort to ramp up funding and incentives. So, what’s the grand prize? SFG announced ... [Read More]
iMetrik Kicks Off New Program to Lessen Cost of GPS Collection Technology for BHPH Dealers
Thursday, Jan. 20, 2011, 12:00 AM
Nick Zulovich
ATLANTA and MONTREAL — For buy-here, pay-here dealers looking for an alternative to conventional purchasing and title conversion, iMetrik Automotive Solutions thinks it might have the answer. The company recently announced a new program called Pay Share that allows dealers to ... [Read More]
Declining Auto Loan Defaults Help S&P/Experian Index to Finish 2010 Lower
Thursday, Jan. 20, 2011, 12:00 AM
Nick Zulovich
NEW YORK — Last year finished strong in regard to consumer credit defaults — especially auto loans — according to December data connected with the S&P/Experian Consumer Credit Default Indices. Produced by Standard & Poor's and Experian, the readings showed auto loans ... [Read More]
CarHop Broadens BHPH Footprint in Colorado
Thursday, Jan. 20, 2011, 12:00 AM
Nick Zulovich
EDINA, Minn. — CarHop expanded its network of buy-here, pay-here dealerships this week by bringing aboard two rooftops in Colorado. Adding to its established presence in Lakewood, the company opened locations in Aurora and Colorado Springs. The new stores bring CarHop's ... [Read More]