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
TransUnion Reports a 10-Percent Seasonal Jump in Auto Loan Delinquencies
Tuesday, Jan. 4, 2011, 12:00 AM
Nick Zulovich
CHICAGO — In its quarterly analysis, TransUnion discovered that the 60-day national auto loan delinquency rate climbed 9.4 percent from the second to third quarter, largely due to seasonal shifts. The delinquency rate came in at 0.58 percent, which on the ... [Read More]
Happy Holidays from SubPrime Auto Finance News
Thursday, Dec. 16, 2010, 12:00 AM
Nick Zulovich
CARY, N.C. — After today's e-newsletter, SubPrime Auto Finance News will be going dark until the new year to give the staff time to celebrate the holidays with our families. SubPrime News Update will pick back up Tuesday, Jan. 4. After ... [Read More]
CoreLogic Credco Now Provides Free Risk-Based Credit Score Disclosure
Thursday, Dec. 16, 2010, 12:00 AM
Nick Zulovich
SANTA ANA, Calif. — CoreLogic Credco announced this week that it is now providing the credit score disclosure exception to the risk-based pricing notice free of charge to all participating auto, RV and marine dealers automatically with every credit report ordered. ... [Read More]
DealerTrack Helps Dealers Prepare for Risk-Based Pricing Compliance
Thursday, Dec. 16, 2010, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — This week, DealerTrack launched free additions to its performance suite meant to enable dealers to comply with the Federal Trade Commission's new risk-based pricing rule, which goes into effect on Jan. 1. Company officials said the enhancements ... [Read More]
GM Financial Unveils Strategic & Operational Overview
Thursday, Dec. 16, 2010, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — In its Strategic and Operational Overview released this month, GM Financial revealed its near-term initiatives include continuing to grow its core subprime business, as well as expanding its product line for General Motors dealers, such as ... [Read More]
First Investors Enjoys 2Q Gains, Returns to Direct Lending and Acquires Portfolio
Tuesday, Dec. 14, 2010, 12:00 AM
Nick Zulovich
HOUSTON — First Investors Financial Services made strong strides in several facets of its balance sheet — including net income and loan origination volume — during its fiscal second quarter that wrapped up Oct. 31. Company officials revealed that they generated net income ... [Read More]
Finance Express, Tidewater Motor Credit Partner
Tuesday, Dec. 14, 2010, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Executives from Finance Express and Tidewater Motor Credit recently finalized a partnership to broaden the indirect subprime automotive finance company's Web-based services and technology for independent dealerships. "The relationship with Finance Express aligns with TMC's vision ... [Read More]
CNW: Subprime Approvals Continue Growth, Bolstering Overall Sales Totals
Tuesday, Dec. 14, 2010, 12:00 AM
Nick Zulovich
BANDON, Ore. — As time passes, more and more consumers with lower credit ratings are finding they can get approval to purchase vehicles, which is helping to bolster the overall sales totals, CNW Research recently revealed. In fact, Art Spinella, president ... [Read More]
RouteOne Offers Dealers Free Risk-Based Pricing Notice
Tuesday, Dec. 14, 2010, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it is now offering dealers a complimentary Risk-Based Pricing Notice tool to assist in compliance with the Risk-Based Pricing Rule issued jointly by the Board of Governors of the Federal Reserve System and ... [Read More]
Edmunds.com Says Fewer Credit-Challenged Consumers Financed New Vehicles in November
Thursday, Dec. 9, 2010, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — When it comes to new-vehicle sales, subprime borrowers made up a smaller percentage of these sales in November than the rest of the year, according to Edmunds.com. The percentage of new cars financed at a subprime rate, ... [Read More]