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Partial payments point to improving consumer health 

Amanda Harris

Partial payments on loans in extension status point to positive consumer health as lenders wind down on deferrals, according to a report released by S&P Global Ratings last month analyzing auto loans securitized in the asset-backed securities market.  CarMax Auto Finance and California Republic Bank received full payments in June from 33.43% and 47.44%, respectively, by consumers who’d been granted an extension that same month. Ally Financial and AmeriCredit […]

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