Subprime auto lenders prepare for delinquency, NCOs rise as stimulus support ends

Santander Consumer USA and Consumer Portfolio Services saw direct correlations between stimulus and declining NCOs

© Can Stock Photo / karenr

Subprime auto lenders are preparing for an imminent rise in delinquencies and net charge-off rates as government stimulus payments come to an end. Stimulus payments have been a lifesaver for the auto finance industry, especially for the subprime lenders who service consumers sensitive to economic downturns. Santander Consumer USA, for one, saw a correlated decline […]

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