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2. Subprime lending - Wikipedia

   en.wikipedia.org/wiki/Subprime_lending

   These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. [3] During the early to mid-2000s, many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial crisis of 2007–2008. [4]

3. RoadLoans - Wikipedia

   en.wikipedia.org/wiki/RoadLoans

   RoadLoans is a direct-to-consumer auto lender operating online and specializing in subprime auto loans. Established in 2000, RoadLoans finances and services new and used car loans as well as offering auto refinance options. [1] The Dallas-based company is a provider of subprime auto loans in the United States. [2]

4. Credit Acceptance - Wikipedia

   en.wikipedia.org/wiki/Credit_Acceptance

   Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs.

5. ‘My whole life depended on it’: This auto loan tactic is ...

   www.aol.com/finance/whole-life-depended-auto...

   As of the second quarter of 2024, almost 17% of auto loans were subprime, says Experian. The average new subprime loan payment during that time was $749, and the average new subprime loan amount ...

6. Delinquency rates at highest level in almost 30 years - AOL

   www.aol.com/finance/delinquency-rates-highest...

   Subprime auto loan delinquencies surge. ... result has been a dramatic increase in the percentage of subprime borrowers falling at least 60 days past due on their auto loans. In January 2023, 5.93 ...

7. Subprime Auto Loans: What They Are and the Risks Involved

   www.aol.com/subprime-auto-loans-risks-involved...

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8. Alternative financial services in the United States - Wikipedia

   en.wikipedia.org/wiki/Alternative_financial...

   The consumer finance industry (meaning branch-based subprime lenders) mainly came to fruition in the middle of the twentieth century. At that time, these companies were all stand-alone companies not owned by banks and an alternative to banks. However, at that time, the companies were not focused on subprime lending. Instead, they attempted to ...

9. 3 Car Brands With the Best Financing — Are They Worth It? - AOL

   www.aol.com/finance/3-car-brands-best-financing...

   Chevrolet’s financing company, GM Financial, has a number of APR offers for subprime shopper with poor credit. According to a program called Down Payment Assistance, the company offers a low APR ...