Although 300 is technically the lowest possible score,
few subprime consumers have scores this low, instead typically scoring in the low to mid 500s.
Not exact matches
«The
consumer credit markets have been functioning extremely well the last
few years, but an increase in
subprime lending has begun to impact delinquency levels for some industries, specifically the auto finance and credit card markets,» said TransUnion's Nidhi Verma in a news release.
Subprime rewards cards rise
Subprime consumers with scores below 660 had
fewer rewards cards, but rewards still accounted for 58 percent of new cards handed out to those with less - than - perfect credit in the quarter.