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.»
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.
This Week in
Car Buying: Inventories rise; Subaru Crosstrek to go plug - in; Ford car owners to look elsewhere; Borrowers default on subprime lo
Car Buying: Inventories rise; Subaru Crosstrek to go plug - in; Ford
car owners to look elsewhere; Borrowers default on subprime lo
car owners to look elsewhere; Borrowers default
on subprime loans
Another practice among predatory lenders is to include a prepayment penalty
on loan agreements, especially those involving
subprime mortgages or
car loans.
-- Experts say they're a headache, issuers rarely offer it, yet the co-signed credit card may be making a comeback as a more - regulated industry searches for lost profits... (more) 4 questions to ask before you co-sign
on a credit card — Explore alternatives and find out what you're in for with these questions for anyone who asks you to be a co-signer
on a credit
car or other
loan... (more) Issuer of 79.9 percent interest rate credit card defends its product —
Subprime credit card marketers are looking for ways around new restrictions
on sky - high fees for bad credit cards.
While losses from soured
car loans would be far less than those
on subprime mortgages, the red ink could still deal a blow to the banks not long after they recovered from the housing bust.