The first article made the point that big banks aren't doing
much auto lending to sub prime borrowers anymore.
Not exact matches
Putnam doesn't think
auto lending rates would have been
much higher had the Fed begun to let off the monetary stimulus earlier.
It's also true it doesn't take
much of a rocket scientist to understand that by tightening down the
lending criteria for consumers looking for new
auto loans this would be an expected result.
Credit tracking company Experian claims that this statistic should alleviate recent concerns about the
auto loan market.Some experts have been predicting a bursting bubble for the automobile
lending industry,
much like the one that -LSB-...]
Loan Application is rather simple: You must complete an
auto loan application before a lender can determine how
much they will be willing to
lend you for your
auto loan.
Banks, credit card issuers,
auto lenders and other businesses use those scores to decide whether to
lend to consumers and how
much interest to charge them.
Credit card companies,
auto dealerships and mortgage bankers are a few of the type of institutions that will assess your credit score before deciding if and how
much they are willing to
lend you and at what interest rate.