Sentences with phrase «as deep subprime»

Moreover, Experian reported that in the fourth quarter of 2012, lenders increased auto loans to borrowers identified as deep subprime, with credit scores below 550, by 31 % year over year.

There's a section of the auto - loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.

Not exact matches

[3] We define deep subprime as VantageScores below 500 and subprime as scores from 500 - 600.

A majority of people who turn to LendUp have subprime, or deep subprime, credit scores [3], as evidenced by our VantageScore distribution graph.