Subprime Rising: How lenders are trying to dig out from the pandemic recession [Feature] | Auto Finance News | Auto Finance News

Subprime Rising: How lenders are trying to dig out from the pandemic recession [Feature]

In late February, the financial department at Westlake Financial Services noticed something interesting: A few key words kept resurfacing during calls with customers. “We started to look at, ‘How often are they mentioning ‘coronavirus’ or ‘unemployment’ or ‘fear’ or ‘furlough’?” said Sean Morgan, Westlake’s vice president of finance. On Feb. 25, weeks before the spread […]

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