Bankruptcy filings up 13%, pose opportunity for subprime lenders
Auto loans to consumers in bankruptcy made up 4.8% of FinBe ABS pool
A steady increase in bankruptcy filings over the past three years poses a growth opportunity for subprime auto lenders. FinBe USA, for one, identified bankruptcy as one of its active growth levers, Chief Executive Scot Seagrave told Auto Finance News. FinBe plans to increase its monthly originations volume to between $10 million and $12 million […]
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