Sentences with phrase «on subprime auto loans»

Not exact matches

Struggling to find enough drivers willing to put miles on their own cars, Uber recently began offering subprime auto loans to would - be drivers, conveniently extracting payments directly from their paychecks, or (because Uber insists its drivers aren't its employees) their «Uber earnings.»

About the U.S. Credit Conditions section The U.S. Credit Conditions section of the New York Fed's website offers interactive maps, as well as data on major forms of household credit such as installment loans, auto and student loan delinquencies, foreclosures, mortgage delinquencies and mortgage «roll» rates for subprime and alt - A mortgages.

The IDC worked to put the brakes on bad practices in the subprime auto industry to protect consumers, some of whom are stuck paying the price of a new car for a junker because of the terms of the loan.

Taking out a subprime auto loan can do wonders for your credit scores as long as you keep your subprime auto loan payments on time and satisfactorily pay off the debt.

If you are forced to negotiate with a dealer, keep reminding them of the better rates available on the Web, even if you have not been able to land a subprime auto loan there.

Information collected by Fitch Ratings uncovered that the auto loan delinquency level is now at 5.8 percent, the highest rate in some time.Despite the growing economy in the United States, an increasing number of subprime auto loan borrowers are defaulting on their loans.

Bank risk professionals now believe that lenders will keep allowing subprime borrowers to take on credit card debt and have more access to auto loans over the next six months, -LSB-...]

Bank risk professionals now believe that lenders will keep allowing subprime borrowers to take on credit card debt and have more access to auto loans over the next six months, according to a survey by the Professional Risk Managers» International Association for the credit scoring company FICO.

Rising auto prices could account for some of the increase in terms, but when combined with the information on subprime loans, the term increases constitute a warning sign.

Despite the growing economy in the United States, an increasing number of subprime auto loan borrowers are defaulting on their loans.

On the back of subprime auto loans with auto assemblies at a four - and - a-half year low?

For one thing, these groups are already disproportionately affected by predatory credit practices, such as the marketing of subprime mortgages and overpriced auto loans targeted at these populations.11 As a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reports.

While the pain from an imploding subprime auto loan market would be much less than what ensued from the housing crisis, the economy is still on relatively fragile footing, and losses could ultimately stall the broader recovery for millions of Americans.

Although the impact on the larger financial sector may be muted, there are over 23 million consumers who hold subprime auto loans.