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April 2, 2013 - Industry News

CarFinance Renews and Increases Credit Facility to $300 Million

The below-prime auto finance source increases its warehouse credit facility to fuel its originations activities this year. CarFinance currently operates in 44 states.

Tags: auto finance, CarFinance Capital, CarFinance.com, loan originations, warehouse credit facility

March 26, 2013 - Industry News

Shastic Doubles Social Loan Calculator Client Base

Usage of Shastic’s social loan calculator is picking up, with the Berkeley-based company expanding its client base by 66 percent in the first quarter of 2013. Auto loans so far account for 49.4 percent of usage of the company’s Calcubot.

Tags: auto finance, auto loan, Calcubot, digital marketing, Finance, loan, mortgage, Shastic

February 28, 2013 - Industry News

Chase Renews Agreement With Jaguar Land Rover

Renewal ensures stable, consistent funding for Jaguar Land Rover North America dealers for an additional five years.

Tags: Andy Goss, auto finance, Chase Auto Finance, J.P. Morgan Chase, Jaguar, JPMC, Land Rover, private label

November 29, 2012 - Industry News

Missouri AG Reaches $125K Agreement With Auto Finance Company

Credit Acceptance Corp. settles complaint filed by the Missouri Attorney General over the auto finance company’s collections practices.

Tags: auto finance, auto finance company, Chris Koster, Credit Acceptance Corp., Missouri attorney general

October 4, 2012 - Industry News

Equifax Reports Growth, Stability in Auto Finance

Auto loan originations totaled 10.7 million for the first half of the year, the highest mark since 2007 when 11 million loans were opened, Equifax reports.

Tags: auto finance, Equifax, Equifax National Consumer Credit Trends Report

May 31, 2012 - Industry News

Westlake Now in All 50 States

The full-spectrum finance source will officially enter the Massachusetts market on June 1, and is already signing up dealers in that state.

Tags: auto finance, Westlake Financial Services

May 17, 2012 - Industry News

Auto Loan Default Rate Falls to Eight-Year Low

Default rates for all loan types except bank cards fell for the fourth consecutive month, reaching their lowest levels since at least the end of the recent economic crisis.

Tags: auto finance, default rates, S&P/Experian