Sentences with phrase «time subprime auto loan»
Since 2009, that is just the second time subprime auto loan origination fell from the prior year.
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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.
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.
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Over the last few years, subprime borrowers would've had a hard time getting an auto loan with bad credit.
Subprime borrowers have easier time getting car loans — Unlike with credit cards, auto loans are becoming more available for borrowers with blemished credit... (See Auto loauto loans are becoming more available for borrowers with blemished credit... (See Auto loAuto loans)