Sentences with phrase «since subprime borrowers»

Not exact matches

Since installment loan borrowers are almost exclusively subprime borrowers with poor credit histories, the loans are typically secured by personal property like cars, electronics, tools, guns, jewelry, etc..

According to Experian, the percentage of auto loans given to borrowers with subprime credit ratings has fallen to its lowest point since 2012.

Since the borrowers aren't the perfect candidate for a loan, they aren't «prime», and as such the term subprime loan is applied.

However, during the housing bubble, many loans issued to subprime borrowers have since gone into default.

Auto loans to people with tarnished credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, with roughly one in four new auto loans last year going to borrowers considered subprime — people with credit scores at or below 640.

Outstanding subprime auto debt (classified in the chart below as debt held by borrowers with origination credit scores under 620) now stands at about $ 300 billion... Since 2011, the overall delinquency rate of loans originated by auto finance companies has significantly deteriorated.