Executives say the new program, which is designed for car buyers with a 750 FICO or better, is part of the finance source's push to become a one-stop shop for every dealership.
The new offering is designed to help finance sources better serve consumers across the credit lifecycle, providing insight into historical consumer behavior across all three credit bureaus.
The full-spectrum finance source has reduced its programs from four to three, and transitioned them from structure-based to FICO-based programs.
The below-prime finance source is going full spectrum with its announced expansion into the prime tiers.
Capital One Auto Finance announced the launch of Diamond Dealer 3.0, an upgraded version of its preferred dealer program that promises full-spectrum lending and improved services to dealers.
The subprime and nonprime auto finance industry has definitely seen better days, but there are signs of a rebound on the horizon. Finance expert weighs in on the situation.
Wolters Kluwer Financial Services announced Monday that Marine One Acceptance Corporation has joined its AppOne loan financing platform.
Did you catch that news item about “subprime” being voted the Word of the Year? Apparently, the American Dialect Society thought the adjective dominated the attention of the press and the public throughout 2007.
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