
With trillions of debt outstanding in auto & beyond, 35% of consumers can’t pay on time
Thursday, Apr. 24, 2025, 10:32 AM

With Fed still seeing growth at ‘solid pace,’ Fitch expects credit deterioration
Tuesday, Apr. 22, 2025, 10:12 PM

PODCAST: Meet the Metreys, a father-son pair deeply involved in auto compliance
Tuesday, Apr. 22, 2025, 09:29 AM
VantageScore generates record 41.7 billion credit scores in 2024
Monday, Apr. 28, 2025, 10:18 AM
SubPrime Auto Finance News Staff
The latest Charles River Associates analysis released on Monday showed that VantageScore credit score usage is up sharply by 55% year-over-year to a record 41.7 billion credit scores delivered in 2024. That’s up from 26.9 billion in 2023, as lenders ... [Read More]
CFPB withdraws from lawsuit against Credit Acceptance
Thursday, Apr. 24, 2025, 10:52 PM
Nick Zulovich, Senior Editor
Immediately drawing applause from the American Financial Services Association, Credit Acceptance announced late on Thursday that a lawsuit involving the Consumer Financial Protection Bureau (CFPB) took a positive turn for the subprime auto finance company. According to a news release ... [Read More]
6 benefits from MVTRAC-RISC partnership
Monday, Apr. 21, 2025, 10:37 AM
SubPrime Auto Finance News Staff
MVTRAC and Recovery Industry Services Company (RISC) highlighted six benefits of their partnership designed to streamline workflows, reduce administrative overhead, and cultivate a compliant and effective network of repossession agents. Among the key automations and workflow efficiencies are: — Insurance ... [Read More]
ARA & RDN partner to address top 10 software issues impacting agents & vendors
Monday, Apr. 21, 2025, 10:37 AM
SubPrime Auto Finance News Staff
As the organization gets set to host the North American Repossessors Summit this week in Orlando, Fla., the American Recovery Association (ARA) announced a partnership with Recovery Database Network (RDN). According to a news release, RDN vice president John Sibbitt ... [Read More]
LegalShield: Consumers might be approaching ‘breaking point’
Thursday, Apr. 17, 2025, 10:31 AM
SubPrime Auto Finance News Staff
Please excuse comparisons back to the pandemic, but it’s the reference point LegalShield used to explain its latest research findings about consumer finances and bankruptcy. LegalShield reported on Wednesday that bankruptcy inquiries surged in the first quarter to their highest ... [Read More]
COMMENTARY: Why lenders should rethink their repossession & recovery process
Wednesday, Apr. 16, 2025, 12:27 PM
Amanda Fields, van Wagenen
In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: recovering funds through the borrower’s existing insurance policy. Without an efficient strategy ... [Read More]
Carleton explains add-on interest versus simple interest
Wednesday, Apr. 16, 2025, 10:49 AM
SubPrime Auto Finance News Staff
Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, to help companies keep their calculations straight, Carleton recently offered guidance so managers ... [Read More]
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