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Credit Scores

Below-Prime Financing Continues to Thaw, Reports Experian Automotive

Auto finance sources continued to loosen their standards in the third quarter, particularly for those with less-than-stellar credit, Experian Automotive reported today.

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CoreLogic Credco Offers Compliance Solution for Risk-Based Pricing Rule

CoreLogic Credco is offering the Credit Score Disclosure Exception report as a compliance solution for the Risk-Based Pricing regulation.

RouteOne Now Offers Free iPhone App

RouteOne announced Monday that its iPhone app is now available for download from Apple.com's App Store. The app is free and can be accessed by iPhone, iPad, and iPod mobile browsers.

Hope in Sight for High-Risk Tiers

Things are still challenging for below-prime customers, but the middle tiers are beginning to show signs of life, Experian Automotive reveals.

Auto Loan Delinquencies Drop; Nonprime and Subprime Loans Rise

Automotive loan delinquencies dropped during the second quarter this year, marking the second consecutive quarter with a year-over-year decrease in quarterly delinquencies, according to Experian Automotive.

Subprime Pool Expands as FICO Scores Drop

Fair Isaac Corp.’s latest figures indicate that more than 43.4 million Americans now have a FICO score of 599 or less. That's more than one-quarter of all U.S. consumers and an increase of 2.4 million since 2008.

Subprime’s New Breed

Fallout from the mortgage crisis has created a new breed of subprime customers. They’re not accustomed to the special finance process, but they need financing. Are you prepared to handle them?

Lanes Open for Prime Tiers

Sixty-day delinquencies are on the decline and credit quality continues to improve, but lenders still favored prime customers in the first quarter.

Automakers Expand Leasing, FICO Scores Drop

As the economy continues to improve, more vehicle manufacturers are restarting their subvented leasing program. In the first quarter, the reintroduction of these programs led to an influx of lessees and a significant decline in FICO scores, according to CNW Research.

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Auto Loan Delinquencies Drop for First Time Since 2007

American consumers are doing a better job of making payments on their auto loans as delinquencies on 30- and 60-day loans fell in the first quarter of 2010, according to Experian Automotive.

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