Sentences with phrase «subprime auto loan lender»

If you have bad credit and need transportation, you may consider going to a subprime auto loan lender.

Subprime auto loan lenders are not known for low interest rates.

Things can be get a little tricky with subprime auto loan lenders.

Not exact matches

An auto equity loan, which is available from traditional lenders as well as some online lenders, should not be confused with an auto title loan, which is typically offered by subprime lenders to people who have bad credit.

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.

Oblivious to the recent debacle in subprime home lending, auto lenders have worked hard to develop the subprime (borrowers with credit scores below 640) auto loan market, offering seven and eight year loans and other strategies designed to make monthly payments low.

If you can't get financing through the dealership due to your poor credit history, you can look for lenders that specialize in subprime auto loans, such as the ones listed above.

With 60 - day delinquency rates now at 5.8 percent, lenders are getting nervous about making auto loans to subprime consumers.

The riskiest of the subprime auto loan borrowers might find more luck in going with smaller lenders that are willing to accept the risk to stay in the lending game.

9.7 percent of subprime loans given through auto finance lenders were at least 90 days delinquent last quarter.

Subprime auto loans tend to have higher interest rates than conventional auto loans, and if a borrower is unable to repay the loan, the lender will repossess the car and sell it.

To ensure that borrowers are able to pay their loans, lenders offer subprime auto loans with longer repayment periods.

Although second - chance auto loans are out there, even subprime lenders may want you to wait at least a few months after your repossession before they'll offer you a loan.

Much like mortgages, subprime auto loans go through Wall Street's securitization machine: Once lenders make the loans, they pool thousands of them into bonds that are sold in slices to investors like mutual funds, pensions and hedge funds.