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TransUnion’s Credit Risk Index declined for the seventh consecutive quarter, which the credit reporting agency partially attributed to low demand for credit. The one bright spot was demand for auto credit.
Read More →Financing for big-ticket items like autos did rise in September, but the Federal Reserve’s latest report on consumer credit also indicated that consumers are paring down debt in other areas.
Read More →Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.
Read More →The new line of credit from Chase will serve as one of two primary sources of short-term revolving liquidity to fund Prestige Financial Services’ consumer lending activities.
Read More →Security National Automotive Acceptance Corp. announced it has closed on the sale of the company to a group of private investors and has secured $450 million of senior debt financing.
Read More →An increase in auto and commercial loan originations helped fuel a 1 percent profit gain in the third quarter for Capital One Financial Corp., the company reported last week.
Read More →Auto loans were the only credit segment to experience a decrease in defaults in September, falling to 1.29 percent from August’s 1.31 percent, according to the S&P/Experian Consumer Credit Default Indices.
Read More →Asbury Automotive Group Inc. announced that it has entered into a $900 million credit facility that will provide up to $625 million for new-vehicle inventory floorplan financing and up to $100 million for used vehicle inventory floorplan financing.
Read More →TrueCar’s Member Showroom platform will power the online car-buying programs for 10 regional credit unions across the country.
Read More →After hitting a monthly low in March, CUDL credit unions have increased their market share by nearly 2 percentage points, and have maintain a share of more than 17 percent since May, CUDL revealed in late September.
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