Auto Credit Express Blog
May 12, 2008
Put away that shotgun and make peace with your lenders
With the number of subprime lenders scaling back their loan portfolios, it’s more important than ever to start treating the remaining ones better – and that includes the elimination of “shot gunning” deals.
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April 28, 2008
The state of the subprime market 1st quarter 2008
With a number of subprime lenders reporting first quarter results, a clearer lender picture is emerging for the second quarter of 2008.
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April 23, 2008
Experian and Credit Builders Alliance Announce Partnership to Establish Data Reporting For Microlenders
Costa Mesa, Calif. and Alexandria, Va. — April 22, 2008 - Experian®, a global information services company, and Credit Builders Alliance (CBA), a nonprofit organization, have joined together to launch a data-reporting partnership that enables CBA’s members to report microloan repayment data to Experian.
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April 18, 2008
Consumer Portfolio Services reports 1st quarter earnings
On April 15th, CPS reported first quarter earnings for 2008. While they didn’t match 2007 earnings, there were a number of bright spots in the report.
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April 13, 2008
Analyzing CPS Fourth Quarter and Full-Year Earnings 2007
On February 12th, CPS disclosed their earnings for the fourth quarter and all of 2007. Unlike AmeriCredit, there was good news and unlike many subprime auto lenders, CPS did not appear to pull back in the fourth quarter of 2007…
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March 31, 2008
New car loans stretch to greater lengths
More buyers finance for six, even seven years – a risky move given how quickly some cars depreciate.
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March 24, 2008
Finance Managers - “Underbanked” – a new financial term
There is a newly defined group of borrowers out there that banks are trying to wrap their arms around, but the subprime crises may hold many of them back…
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March 17, 2008
Subprime Managers – Prepare for Changes in the bad credit market
At Auto Credit Express, we have noticed a number of changes in the bad credit lending arena. Subprime lenders are cutting out many of their smaller dealers and tightening up their credit requirements. How can you, as a special finance manager, prepare for this?
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February 25, 2008
The subprime market in 2008
A recent article in Automotive News was titled “Lenders shun subprime market.†Here at Auto Credit Express, we know that the subprime market changes with the fluctuations in the marketplace, but the changes seem to be happening much more quickly in 2008…
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