Tag: subprime financing

Consumer Portfolio Services is using artificial intelligence to improve collections, streamline communication with consumers and fund deals faster. Irvine, Calif.-based ...

Consumer Portfolio Services’ originations grew in the second quarter while credit performance weakened. The Irvine, Calif.-based lender’s originations rose 24.7% ...

Credit performance across prime and nonprime securitized auto loan pools continued to weaken in June, driven by seasonal consumer spending ...

S&P Global has again lowered its ratings on a 2022 Flagship Credit Acceptance auto securities transaction as loss expectations rise ...

Higher insurance costs are exacerbating affordability and funding challenges for subprime borrowers as the auto finance industry continues to navigate ...

Consumers are being buried in debt as rising costs for everyday expenses force many to turn to credit cards to ...

CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges continued to hamper sales ...

Credit Acceptance Corp. has extended its credit facility with a commercial bank syndicate and updated the interest rate on borrowings ...