SubPrime Auto Finance News Staff

Automotive Personnel chief executive officer Don Jasensky offered three options when dealership and auto finance company management teams are faced with the decision of making manpower changes based on performance. Jasensky leveraged his nearly 30 years of experience, acknowledging that, “Every leader has to make... Read More

SubPrime Auto Finance News Staff

It’s a new year, and FICO is hopeful 2018 will be filled with new customers coming into company portfolios. In an effort to help institutions communicate with this new batch of contract holders, FICO is hosting a free educational webinar focused on sharing best practices in using automated communications... Read More

Nick Zulovich, Senior Editor

From subprime paper to slap shots, Thomas Dundon is making the transition from managing auto finance underwriting and securitizations to overseeing a professional hockey franchise that’s looking to hoist the Stanley Cup once again. Dundon, who built the subprime financing institution that eventually became... Read More

SubPrime Auto Finance News Staff

This week, RouteOne announced the addition of Fidelity Bank as an available eContracting finance source for dealers utilizing the RouteOne platform. Fidelity Bank’s financing services are available to dealers throughout the South. David Buchanan, executive vice president of indirect lending at Fidelity Bank,... Read More

SubPrime Auto Finance News Staff

Eddie Castillo, general sales manager for the subprime division for Pine Belt Cadillac in Toms River, N.J., described how much a customer who has completed financing online prior to coming to the dealership improves the entire delivery experience — especially for consumers with soft credit histories. Castillo... Read More

Top 10 states for 60-day delinquencies in Q3

SubPrime Auto Finance News Staff

Recovery professionals often see the greatest saturation of 60-day delinquencies within states near or along the Gulf of Mexico. While a pair of those states constituted two of the top three as tracked by Experian Automotive, the state that registered the highest 60-day delinquency rate as of the third quarter actually... Read More

REPAY makes another acquisition, securing PayMaxx Pro

SubPrime Auto Finance News Staff

More industry consolidation came to light on Wednesday as Realtime Electronic Payments (REPAY) made another acquisition. The provider of advanced payment technology products and electronic transaction processing services for the consumer finance industry has acquired PayMaxx Pro, an electronic payments provider to the... Read More

CARite secures $45M in funding to boost lease portfolio

SubPrime Auto Finance News Staff

CARite received an injection of funds to expand its leasing portfolio from a finance provider that has an understanding of what the company is trying to accomplish within the subprime market. On Wednesday, Crystal Financial announced the completion of a $45.0 million senior credit facility for CARite. Headquartered in... Read More