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Column: What auto finance experts have to say about affordability in 2024
Automotive News· 3 days agoThe COVID-19 pandemic years brought great profits to dealerships and auto lenders, but now the industry is grappling with the long-lasting impacts of a ...
Use of VantageScore at auto finance captives grew strongly in 2023
Automotive News· 6 days agoUse of VantageScore credit scores grew roughly 28 percent at captive finance companies in 2023 amid higher delinquencies and volatility in the auto finance market.
Auto Lenders Voorhees - Dealership Reviews
Consumer Affairs· 5 days agoThinking about a trade-in? Auto Lenders Voorhees offers six-month/6,000-mile bumper-to-bumper warranties in Voorhees Township, Pennsylvania.
‘Black box' auto finance decisions can complicate dealer lender choice
Automotive News· 5 days agoLenders ditching traditional rate sheets and adopting new underwriting models present a challenge to dealership finance offices, leaders at two financial institutions said ...
Watch customer phone numbers more than addresses for car loan stability
Automotive News· 5 days agoA customer with multiple phone numbers is more likely to miss car payments than one with multiple addresses in their history, according to Landon Starr, CEO of subprime auto
What will high vehicle prices and interest rates mean for the auto finance market in 2024?
Automotive News· 4 days agoIf these trends continue, automotive lenders and dealers will need to adapt their strategies to keep inventory moving, support upward credit mobility and secure the automotive ...
Payday loans vs. installment loans: One is a much better option
Bankrate via Yahoo Finance· 3 days agoProof of address: It’s not uncommon for lenders to request proof of address, which could include a...
Private equity is helping banks shed some of their risks
Yahoo Finance· 18 hours agoHuntington — which is based in Columbus, Ohio — said the transaction cost an estimated $23 million...
Lenders Are Seeing a Bottom for Consumers
The Wall Street Journal· 5 days agoMore consumers have been struggling to pay off their debts, and are likely tightening their belts. Federal Reserve data at the end of last year showed...
Auto lenders see consumer loan challenges in 2024
Automotive News· 7 days agoLenders had a hard time raising their rates at the same speed the did, she said, which led to finance companies making less profitable loans in 2022 and 2023.Now, interest ...