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
DriveItAway looking to solve transportation issue for employers needing workers
Wednesday, Dec. 8, 2021, 04:45 PM
SubPrime Auto Finance News Staff
With so many help-wanted signs visible at businesses nowadays, DriveItAway wants to be a part of the transportation solution for both employers and workers — especially individuals with soft credit histories or without significant funds for a down payment. On ... [Read More]
Study examines the ‘next normal’ in collections
Wednesday, Dec. 8, 2021, 04:17 PM
SubPrime Auto Finance News Staff
A new report by TransUnion and Aite-Novarica Group explored how significantly the collections industry is changing. The report found that the collections industry is boosting hiring and technology investments as it transitions into a “next normal” stage. [Read More]
PODCAST: Additional used financing insights from Experian
Tuesday, Dec. 7, 2021, 03:44 PM
SubPrime Auto Finance News Staff
Experian’s latest report highlighted additional data about the used-vehicle finance market, showing the amount financed for consumers to take delivery of a used model during the third quarter 20% year-over-year. During this episode of the Auto Remarketing Podcast, Experian senior ... [Read More]
DDI brings electronic vehicle title and registration to Wisconsin
Monday, Dec. 6, 2021, 03:41 PM
SubPrime Auto Finance News Staff
DDI Technology is now fully operational in the Badger State. On Monday, the electronic lien and title technology firm and a subsidiary of IAA announced the expansion of its electronic title and registration product offering into the state of Wisconsin ... [Read More]
LendingClub widens auto refinance availability to 40 states
Monday, Dec. 6, 2021, 03:39 PM
SubPrime Auto Finance News Staff
LendingClub Corp., the parent company of LendingClub Bank, is looking to be in a position to capitalize on the growing volume of auto refinancing. After first launching its auto refinance product five years ago in California, LendingClub recently announced it ... [Read More]
Solutions by Text gains $35M investment & new CEO
Thursday, Dec. 2, 2021, 03:28 PM
SubPrime Auto Finance News Staff
It’s been quite a week for Solutions by Text, provider of a text messaging platform for consumer financial services institutions. First, the company announced raising of $35 million in growth financing. Edison Partners led the transaction with participation from Stifel ... [Read More]
Experian: Average used financing amount jumps 20% in Q3
Thursday, Dec. 2, 2021, 03:25 PM
SubPrime Auto Finance News Staff
More evidence of how rising wholesale and retail prices are landing within finance company portfolios arrived on Thursday. According to Experian’s latest State of the Automotive Finance Market report, the average amount financed for a used vehicle jumped more than ... [Read More]
Black Book & CoreLane Technologies collaborate to improve underwriting
Wednesday, Dec. 1, 2021, 03:53 PM
SubPrime Auto Finance News Staff
Black Book and CoreLane Technologies now are working together so finance companies have a clear view of the collateral attached to their paper. According to a news release distributed on Tuesday, Black Book announced the integration of its vehicle pricing, ... [Read More]
Portfolio names new VP of sales and marketing
Wednesday, Dec. 1, 2021, 03:52 PM
SubPrime Auto Finance News Staff
An executive who was part of a company that Portfolio acquired last year now is in a crucial management position. Portfolio named Chad Millspaugh as vice president of sales and marketing, effective immediately. The F&I product provider highlighted that Millspaugh’s ... [Read More]
Following sale close, Exeter expands origination program
Wednesday, Dec. 1, 2021, 03:49 PM
SubPrime Auto Finance News Staff
Exeter Finance is closing the year with a pair of notable developments announced on Tuesday. The finance company that specializes in subprime paper said it will extend its underwriting reach into the near-prime credit spectrum, effective immediately. Focused on non-prime ... [Read More]