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Home » Lendbuzz tightens credit, narrows target segments

Lendbuzz tightens credit, narrows target segments

Auto Finance Summit East 2023

Riley WolfbauerbyRiley Wolfbauer
May 16, 2023
in Risk Management
Reading Time: 2 mins read
0
Panelists on the stage at Auto Finance Summit East

Photographer: The Point Media Co./Auto Finance News

AI-based auto lender Lendbuzz has tightened its credit standards and pulled out of certain credit segments in an effort to manage losses.  “In the nonprime space, delinquencies have picked up more than prime, and as a result the platform says to tighten credit,” the lender’s Chief Executive Amitay Kalmar said last week during Auto Finance […]

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Tags: AFS Eastcredit underwritinglendbuzzPremiumsubprime financing
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