Money and Financial Interests by RMIAmid Rising Delinquencies, Auto Lenders Scaling Back Loans to Subprime Borrowers
Auto lenders are scaling back loans to subprime borrowers but loosening other terms in a bid to keep loan volume going. Loans extended to subprime borrowers with a credit score of 501 to 600 on a scale that tops out at 850 fell 4.5% in the third …
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