Auto Loans Easier to Come By

March credit loosening, though, came with compromises.

New Vehicle Inventories, Sales Stay Steady

Economic headwinds are not deterring sales, Cox Automotive analysts find.

Consumers Shifted Credit Payment Behaviors in the U.S. and Other Global Markets as a Result of COVID-19

TransUnion Global Payment Hierarchy Study observes consumer credit behavior in five countries.

Swapalease Releases Latest Figures on Lease Credit Approvals

Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.

Easycare Appoints Rob Mirra as National Director of New Business

Norcross, Ga. – EasyCare, the leading independent provider of automotive ownership benefits and dealer services that help dealers create more passionate employees and customers, has appointed Rob Mirra as National Director of New Business Opportunities. Mr. Mirra will be leading the building of new EasyCare relationships with dealerships across the nation who are interested in ... Read More »

What Do You Mean, No Credit Insurance?

Consumer Complaints Hit 677,000, CFPB Reports

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) released a report Tuesday highlighting trends in consumer complaints through August 1, with credit reporting complaints seeing the sharpest increase compared to both the prior month and prior year. The bureau has handled approximately 105,000 credit reporting complaints since it began accepting them in October 2012. ... Read More »

Equifax Refutes ‘Subprime Bubble’ in New Report

ATLANTA — Equifax Inc. has released its latest economic trends commentary, “Subprime Auto Loans: A Second Chance at Economic Opportunity,” which examines two groups of consumers with deep subprime credit scores over a three-year period: those who originated a subprime auto loan and those who did not. Equifax found that over the three-year time period, ... Read More »

Build Your Business Credit: 5 Key Reasons to Get Started

No Subprime Bubble in Sight, Equifax Says

ATLANTA — While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at all-time highs, according to Equifax’s latest National Consumer Credit Trends Report. Through June, the total number of new loans originated was 12.5 million, an increase ... Read More »