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Home » Avid Acceptance dips into lower credit tiers after originations plummet 80%

Avid Acceptance dips into lower credit tiers after originations plummet 80%

Auto Finance Summit East 2024

James Van BramerbyJames Van Bramer
September 18, 2024
in Risk Management
Reading Time: 3 mins read
0
Traffic on Highway 280 in Palo Alto, California, US, on Thursday, June 9, 2022. Photographer: David Paul Morris/Bloomberg

Photographer: David Paul Morris/Bloomberg

Avid Acceptance has expanded into its lower credit tiers after originations plummeted in 2023 amid a focus on higher-quality applications.  From January 2023 to May 2023, Avid’s originations shrank 80% as the lender focused on lending in its top credit tier on the heels of difficult years in 2021 and 2022, President and Chief Financial […]

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