Sentences with phrase «over subprime auto loans»

Not exact matches

Despite the drop off in subprime loans, borrowers with the lowest credit ratings still hold over $ 210 billion in auto loan debt or about 20 percent of the $ 1.1 trillion in total outstanding debt.

Auto loans to subprime borrowers, with credit scores between 550 and 619, increased by more than 11 % over fourth quarter 2011.

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.

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.

Over the last few years, subprime borrowers would've had a hard time getting an auto loan with bad credit.

That's because subprime auto loans tend to have very high interest rates and may also come with additional fees, making them significantly more expensive over the long term than the loan you could potentially obtain with better credit.

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