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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. Alternative financial services in the United States - Wikipedia

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

   For example, a customer could refinance $10,000 worth of auto loan debt at 7 percent interest into a home equity loan at 18 percent interest. Because the auto loan would have to be paid off in 5 years while the home equity loan would have a 20-year repayment plan, the required monthly payments for the customer would be lower even though the ...

4. ‘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 ...

5. 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.

6. Consumers don't need more hidden fees, tricky loans, or a ...

   www.aol.com/consumers-dont-more-hidden-fees...

   Zandi noted that the CFPB expanded its oversight beyond mortgages to other types of lending to households, including payday loans; buy now, pay later loans, and subprime auto loans. "While many ...

7. 3 Car Brands With the Best Financing — Are They Worth It? - AOL

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

   Additionally, if Nissan’s financing company, NMAC, denies a shopper’s loan request, they will send the shopper’s credit report to outside lenders that specialize in poor credit financing for ...

8. 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]

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

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

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