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
Fed: New-Car Loan Interest Rate Climb Continues
Thursday, Dec. 9, 2010, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The string of jumps in the average interest rate on new-car loans at auto finance companies continued for the fourth month in October, according to the Federal Reserve. Officials discovered the October average jumped to 4.52 percent, the highest ... [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]
The Price Tag to Communities Where There Are Curbstoners Can Be Thousands
Thursday, Dec. 9, 2010, 12:00 AM
Nick Zulovich
BIRMINGHAM, Ala. — StopCurbstoning.com recently analyzed the financial impact of curbstoning, using a California case as an example. The California DMV recently concluded an investigation into this type of illegal vehicle selling which led to a felony arrest on 12 counts ... [Read More]
J.D. Byrider Announces Franchise of the Year and President’s Award Honorees
Tuesday, Dec. 7, 2010, 12:00 AM
Nick Zulovich
CARMEL, Ind. — J.D. Byrider recognized its Franchise of the Year winners as well as its 14 President's Award recipients during the company's annual convention last month in Orlando, Fla. Broken down into three categories, the company chose its Franchise of ... [Read More]
Midwestern Marine, RV Lender Goes with AppOne Platform
Tuesday, Dec. 7, 2010, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — Wolters Kluwer Financial Services recently revealed a Midwestern lender who caters to marine and RV dealers has chosen to use its AppOne platform. Now utilizing the solution is Source One Financial Services, a marine and RV loan ... [Read More]
ABI: November Bankruptcy Filings Drop by Double Digits
Tuesday, Dec. 7, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The number of U.S. consumer bankruptcy filings finally made some significant downward movement in November, according to data collected and posted by the American Bankruptcy Institute. On a month-over-month comparison, November filings actually dropped by 13.3 percent to ... [Read More]
Report: Toronto-Dominion Bank Front-runner to Acquire Chrysler Financial
Tuesday, Dec. 7, 2010, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — Toronto-Dominion Bank could reach an agreement as early as this week to buy Chrysler Financial, Bloomberg reported this morning. Chrysler Financial could sell for $6 billion to $7 billion, according to Bloomberg sources. Apparently other companies are ... [Read More]
Finance Express Broadens Lender Platform
Thursday, Dec. 2, 2010, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently added another lender to its stable of Web-based financial services and technology for independent dealerships. The company revealed it brought in E&S Funding. Finance Express president David Huber discussed the reasons for this ... [Read More]
Aimbridge Now Offers Dealers More Accessibility to Pre-Approvals on Potential Customers
Thursday, Dec. 2, 2010, 12:00 AM
Nick Zulovich
ENGLEWOOD, Colo. — CRIF Lending Solutions-Aimbridge recently rolled out automatic accessibility to pre-approval loan notifications for credit unions, dealers and other clients through several widely adopted applications. Aimbridge customers now have accessibility through DealerTrack, RouteOne and AppLine dealer application portals as ... [Read More]
NowAuto Group Finds Ways to Improve 1Q Gross Margin While Cutting Charge-offs, Defaults
Thursday, Dec. 2, 2010, 12:00 AM
Nick Zulovich
PHOENIX — While NowAuto Group still sustained a net loss during the first quarter of its 2011 fiscal year, the company recently reported double-digit improvements in gross margin as well as the cost of charge-offs and defaults. The company indicated first-quarter ... [Read More]