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Inflation, deteriorating credit performance and worsening affordability have prompted subprime auto lenders to tighten lending requirements to better manage risk. Irving, Texas-based On the Road Lending, a nonprofit subprime auto lender whose clients typically have FICO scores in the low 500s, made several underwriting changes following the onset of the pandemic, President Lonnie Smith told […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
