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TAG SEARCH RESULT: subprime

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August 18, 2009

Vehicle Acceptance Plans Expansion Into Indianapolis

Vehicle Acceptance Corporation (VAC) plans to open a new branch office in Indianapolis in the fall, demonstrating the growth of the buy-here, pay-here market in the Midwest.

August 18, 2009

RouteOne Integrates With Westlake Financial Services

RouteOne LLC completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.

July 21, 2009

Approvals Improve for Prime and Near Prime; Fall for Subprime

Auto loan approvals improved in July for the prime and near prime markets, but shoppers in the subprime market continued their struggle to get approvals by conventional means, according to CNW Research.

July 21, 2009

Finance Company Easy Car Financial Inc. Seeks Investors

Easy Car Financial Inc., a subprime auto finance company concentrating in the North Florida market, is seeking to raise $30 million in investment capital to use as a line of credit to provide subprime auto financing.

July 9, 2009

FinCo's BuyHere-PayTHERE Program Available in 30 States

FinCo Management’s “BuyHere-PayTHERE” (BHPT) program, a system that allows automotive and powersports dealers to approve and finance their own deals, is now available in 30 states, including Florida, Texas and California.

July 1, 2009

Credit Codes Still a Mystery

Not only are lenders staying away from anything subprime, they’re also pushing more consumers toward the used-vehicle market. And with more than $5.7 billion in loans reported 60 days delinquent, Experian Automotive predicts further market volatility.

May 4, 2009

Westlake Financial Enters Hawaii Market

Westlake Financial Services recently expanded into the state of Hawaii. Westlake now operates in 37 states, with Hawaii-based contracts accepted starting May 1, 2009.

April 29, 2009

Pelican Resource Group Helps Dealers Manage Used Inventory

Pelican Resource Group LLC, a provider of subprime lending services, launched Profit Over Time, a program that helps franchised and independent dealerships meet the needs of consumers interested in used vehicles.

April 14, 2009

More Than 700,000 Credit Applications Rejected in 1Q, Says CNW

Despite sales being off by nearly 40 percent from the first three months of last year, credit-application rejections increased 329 percent from the same period last year, according to CNW Research.

February 1, 2008

Laser-Targeted Lending?

Did you catch that news item about “subprime” being voted the Word of the Year? Apparently, the American Dialect Society thought the adjective dominated the attention of the press and the public throughout 2007.