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Subprime bankruptcies, rising delinquencies hurt BHPH capital access

Primalend bankruptcy, worth under $500M, dealt blow to buy here, pay here funding

Aidan Bush

Buy here, pay here retailers are facing funding challenges in the wake of several subprime auto lender bankruptcies and rising auto delinquencies. However, they may find a solution in private credit. Many BHPH retailers relied on subprime lender Primalend Capital Partners to provide credit lines, Ryan Jones, owner of Fyffe, Ala.-based BHPH retailer Ace Auto […]

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