Earlier this month, a company called Tricolor abruptly filed for bankruptcy. The Texas-based firm specialized in extending auto loans to buyers with poor credit ratings — or none at all — many of whom ...
The Daily Overview on MSN
$1B auto lender collapse strands 100,000 borrowers and wipes out 1,000 jobs
The sudden failure of a $1 billion subprime auto lender has left roughly 100,000 car owners in limbo and erased about 1,000 ...
NEW YORK — People who put their cars up as collateral for what are supposed to be short-term emergency loans are being hit with interest rates of 300 percent, a high rate of repossession and long ...
Chapter 7 auto lender collapse leaves borrowers with limited credit facing tighter financing and fewer options for auto loans nationwide.
Car loan delinquencies are now at their highest level since 2009 and some economists are sounding alarm bells for what it means for the economy. Delinquencies, defined as 60 days or more past due, are ...
Capital One offers vehicle refinancing as well as new and used vehicle financing Written By Written by Staff Loan Writer, Buy Side Bob Haegele is a staff loan writer at Buy Side covering auto loans, ...
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