WASHINGTON, D.C. — Job losses continued to hurt consumer finances during the fourth quarter of 2008, which is reflected in the rising delinquencies in almost every loan category, including auto loans. In fact, indirect auto loan delinquencies climbed from 3.25 percent ... [Read More]

IRVINE, Calif. — Kia Motors America announced today that it has successfully closed a $305 million revolving credit line with a group of leading U.S.-based financial institutions. Of the funding group, Wells Fargo Foothill, a part of Wells Fargo & Co., ... [Read More]

WASHINGTON, D.C. — While a lot of attention has been focused on the restructuring of domestic auto manufacturing, the National Automobile Dealers Association is urging the Obama administration to focus on the severe impact of the credit crisis on dealers and ... [Read More]

DEARBORN, Mich. — Ford announced the introduction of its Advantage Plan this morning. Similar to the Hyundai Assurance program, Ford's plan offers payment protection covering job loss for up to a year on any new Ford, Lincoln of Mercury model, in ... [Read More]

ORLANDO, Fla. — U.S. Equity Advantage, which offers automated bi-weekly processing of vehicle loans for buy-here, pay-here dealers, recently announced the release of a new, enhanced dealership Web site at www.866halfpay.com. According to officials, dealerships can now accurately calculate and offer ... [Read More]

SARASOTA, Fla. — Today, Leedom Group announced the launch of a Convenient World Pre-Paid Visa Card that can allow buy-here, pay-here customers without bank accounts avoid the high costs of check-cashing and money orders. The fees associated with check cashing are ... [Read More]

BATON ROUGE, La. — Tracker Marine Financial Services recently announced it has selected AppOne to automate its finance process. AppOne is a part of Wolters Kluwer Financial Services. Meanwhile, Tracker Marine Financial Services is an affiliate of Bass Pro Shops and ... [Read More]

BANDON, Ore. — After plummeting to an average of 6.52 percent in October of last year, the number of customers approved for vehicles with a FICO under 670 is slowly climbing upward, according to the latest data from CNW Research. In ... [Read More]

CHARLOTTE, N.C. — North Carolina Gov. Bev Perdue recently announced that GMAC Financial Services will invest more than $16.4 million to grow its Charlotte operations. GMAC confirmed this announcement. The expansion is expected to create 200 finance, marketing, IT and related ... [Read More]

LAKE FOREST, Calif. — National Creditors Connection Inc., a leading provider of nationwide field call services, announced it has promoted senior vice president Jerry Rahon to chief operating officer. Rahon received a unanimous vote of confidence from NCCI's board of directors ... [Read More]