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Credit might not be loosening up as quickly as the industry had hoped, but it is becoming available to the subprime segment. Industry insider provides his take on why that is.
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Saying economic conditions have reached the optimal period for new loan originations, Dan Berce told investors and media outlets that AmeriCredit increased originations during the March quarter by $245 million.
Read More →Westlake Financial Services expanded its partnership with National Creditors Connection Inc. (NCCI), a field contact service provider, after a successful three-month test program showed a 10- to 15-percent improvement in contact and payment rates of delinquent accounts.
Read More →Nationwide Acceptance Corporation opened a new division to provide $1 million to $5 million lines of credit to buy-here, pay-here dealers in markets the company serves.
Read More →The National Automotive Finance Association will host its 14th Annual Below-Prime Credit Auto Financing Conference from June 2-4, 2010, at the Renaissance Worthington Hotel in Fort Worth, Texas.
Read More →Westlake Financial Services, a full-spectrum indirect auto finance company, formed a new division which will specialize in portfolio acquisition services.
Read More →F&I sits down with the three executives who have taken the reigns of the combined dealer services groups of Wachovia and Wells Fargo. Hear what they have to say about the current market conditions and Wachovia officially taking on the stagecoach name.
Read More →With the capital markets on the mend, special finance could be on the comeback trail, that’s if bank regulators and financial services reform don’t get in the way. Insider breaks down the market.
Read More →Touting year-over-year improvements in originations, credit performance and earnings, AmeriCredit officials said on Jan. 27 the company is in a good position to rebuild its business in 2010.
Read More →RouteOne LLC has completed integration with North Carolina-based Regional Acceptance Corporation, allowing dealers to process credit applications electronically to Regional Acceptance through RouteOne.
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