Sentences with phrase «subprime auto loan payments»
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.
http://www.badcreditloanservices.com/ 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.»
It's quite likely that the exuberant 2016 auto sales figures were inflated by easy - to - get subprime loans with low, long - term payments, enticing buyers to purchase more car than they could afford.
Scores below 580 are indicative of a consumer's poor financial history, which can include late monthly payments, debt defaults, or bankruptcy; individuals in this «subprime» category can end up paying auto loan rates that are 5 or 10 times higher than what prime consumers receive, especially for used cars or longer term loans.
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.
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