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DealerTrack’s new feature is designed to allow users of its credit application network to generate Adverse Action Notices and new credit disclosures mandated by recently passed laws.
Read More →Company officials partially attribute Ford Motor Credit Company’s $173 million decrease in earnings to reductions in credit loss reserves and other expenses, the company reported today.
Read More →Group 1 Automotive’s syndicated credit facility will provide $1.1 billion for inventory floorplan financing and $250 million for working capital, acquisitions and general corporate purposes.
Read More →Equifax’s national monthly report showed increases in originations for auto, bankcard, consumer finance and home equity revolving lines on a year-to-date basis.
Read More →Monthly default rates across all credit lines declined in March, according to Standard & Poor’s and Experian’s Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults.
Read More →Ally Financial Inc. announced on March 30 that it completed the refinancing of $15 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 21 lenders.
Read More →Monthly default rates across all credit lines declined in January, according to the Standard & Poor’s and Experian's Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults.
Read More →Default rates across four major categories of consumer credit declined, according to the Standard & Poor’s/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults.
Read More →Exeter Finance Corp., a specialty auto finance company, has entered into a $150 million warehouse line of credit with Wells Fargo Bank N.A.
Read More →Security National Automotive Acceptance Corporation (SNAAC) has secured a $200 million revolving credit facility from Wells Fargo Preferred Capital and Fifth Third Bank.
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