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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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Through a recent partnership, AmeriCredit will provide auto financing to General Motors Co.’s subprime customers.
Read More →Ducati and FreedomRoad Financial announced a “last call” for the FORZA DUCATI financing program, which ends October 31.
Read More →Rep. Barney Frank’s attempt to exclude auto dealers from regulation by a proposed consumer-financial protection agency isn’t good enough, the National Automobile Dealers Association (NADA) said.
Read More →Evidence of the Cash for Clunkers (C4C) program’s impact on consumer credit were revealed in the Federal Reserve’s August report, which showed marked declines in loan-to-value ratios and the amount financed.
Read More →Westlake Financial Services’ remarketing department launches its new “Buy With Confidence Gold” program. The program will spotlight the company’s best inventory, featuring late-model vehicles with less than 80,000 miles and no frame damage.
Read More →Meritrust Credit Union, the largest Kansas-based credit union, is expanding its relationship with Wolters Kluwer Financial Services by joining the company’s AppOne platform.
Read More →FICO struck a licensing agreement with MicroBilt Corporation, giving the provider of risk management information and services rights to use FICO’s scoring model to calculate and sell FICO Expansion scores to lenders and businesses that grant credit.
Read More →United Federal Credit Union (UFCU) will now offer Auto Financial Group (AFG)’s DrivingSense as an indirect lending option as part of a recent agreement with the provider of residual-based financing products for credit unions.
Read More →Marine and recreational vehicle loan delinquencies increased in the second quarter, following another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.
Read More →Auto loan delinquencies improved in the second quarter despite another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.
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