Such payment failures would normally doom a loan application or force a borrower to
use subprime financing at steep rates.
Our Ford financing professionals have cultivated a strong relationship with local banks and lenders, so we can get you affordable
subprime financing options with lower interest rates than if you were to go through a lender yourself.
In terms of delinquencies, the MBA reports that for the fourth quarter the delinquency rate for prime loans was 6.73 percent, 25.26 percent
for subprime financing, 13.57 percent for FHA mortgages and 7.41 percent for VA financing.
In August, Jim Chanos, the hedge - fund manager known for predicting the fall of Enron, called it more of a «
subprime financing company» than an energy company, comparing its solar leases to homeowners taking out second mortgages.
Also, If you decide to buy a car now
under subprime financing terms, wait about 6 months after you have financed your vehicle, then refinance the subprime car loan at more favorable terms.
Bridgeport was popular pre-crash and experienced a substantial plunge because its surge had been driven by investors
using subprime financing.
The financing professionals at Five Star Ford want to pair you with
a subprime financing option that comfortably fits into your budget and lifestyle.
Even if you have poor credit or no credit at all, our Ford financing team can help you get approved for
the subprime financing loan that will get you on the way to financial recovery and independence.
A press release from rating agency Fitch hints at the possibility that increasing turbulence in
the subprime finance sector - which caters to borrowers with less - than - pristine credit histories - may not be limited to housing - related...
Meanwhile,
subprime financing for auto loans peaked at $ 42 billion per quarter.
If you can't get a credit card or
subprime financing isn't available to you (which is VERY rare), then get a secured credit card.
The technical term is
subprime financing and solicitations for some are a subtle indicator someone is taking out (and not paying) loans in your name.