A subprime auto loan is a type of loan used to finance a car purchase offered to people with low credit scores or limited credit histories.

In 2017, Jessica Patterson borrowed $14,786.07 to purchase a Kia Rio. But locked in at an exorbitant 25.17% interest rate, the $402 monthly payment was more than 25% of her take-home pay. But ...

Fitch Ratings took a close look at the subprime auto loan securitization space as part of the Vehicle Depreciation Report ...

Subprime auto loans — loans for borrowers with bad credit or no credit history to help them buy a car — are big business in the U.S. According to Kelley Blue Book, citing Cox Automotive data, subprime ...

TruDecision chief executive officer Daniel Parry is as staunch a defender of the subprime auto finance space as someone could ...

Bad credit can be a barrier to being approved for a car loan or for getting favorable terms. Fortunately, even if your credit history has some blemishes, you still have options from banks, credit ...

When most people hear the terms prime credit and subprime credit, they think of traditional auto loans for new vehicles or daily drivers. However, in the world of classic, collector, and exotic car ...

Auto loan delinquencies are soaring across the U.S. Find out why that means getting a car loan is becoming tougher for everyone. Auto loan delinquencies and tighter lending indicate economic ...

Margaret Zollner, 71, is not a good credit risk. The senior citizen from Flushing, Queens has no job, no savings in the bank, and she recently had a car repossession on her record. Lenders consider ...

When applying for any new form of credit, including a car loan, your credit score is one of the most influential factors in determining your interest rate. The higher your credit score, the more ...