Lenders


If you are getting into the subprime business, establishing connections with the right kinds of lenders is essential. To make lender relationships easier to navigate, we offer information about how to find, communicate and work with the best lenders both nationwide and in your specific area.


AmeriCredit  Announces  $500  million  Securitization AmeriCredit Announces $500 million Securitization

Fort Worth-based AmeriCredit announced this week that it had successfully issued $500 million in securities backed by subprime car loans.

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Mazda  to  switch  from  Ford  Motor  Credit  to  Chase  Auto Mazda to switch from Ford Motor Credit to Chase Auto

Email sent to dealers outlines plans for the switch that is set to take effect on October 1st.

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Study  by  NAF  reflects  the  economy Study by NAF reflects the economy

In the most recent study conducted by Benchmark Consulting, the Nonprime Auto Financing Survey shows FICO scores rising and LTV ratios dropping.

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AmeriCredit  Reports  Fourth  Quarter  and  Fiscal  Year  2008  Operating  Results AmeriCredit Reports Fourth Quarter and Fiscal Year 2008 Operating Results

Highlights of the latest report from AmeriCredit include a 4th quarter net loss of $150 million and quarterly pre-tax income of $13 million, excluding goodwill impairment and restructuring charges.

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Fitch  Sees  U.S.  Auto  ABS  Losses  Move  Higher  with  Further  Weakness  Expected Fitch Sees U.S. Auto ABS Losses Move Higher with Further Weakness Expected

According to New York-based Fitch Ratings, the U.S. automotive lending market has yet to see the light at the end of the economic tunnel.

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Toyota  Financial  Services  Overtakes  GMAC Toyota Financial Services Overtakes GMAC

According to a new study by AutoCount, the longtime leader in auto lending has taken a back seat to its Japanese rival.

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AmeriCredit  Reports  Net  Loss  of  $150  Million AmeriCredit Reports Net Loss of $150 Million

In its most recent report to stockholders, Fort Worth, Texas-based subprime auto lender AmeriCredit reported a fourth quarter net loss of $150 million. In addition, the lender announced a cessation of operations in Canada as well as an end to its leasing and direct lending operations.

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HSBC  Discontinues  Indirect  and  Direct  Auto  Lending  to  Consumers HSBC Discontinues Indirect and Direct Auto Lending to Consumers

In a recent SEC filing, HSBC noted that a decision was made in July to discontinue new motor vehicle loan originations from the dealer and direct-to-consumer channels. These changes will take effect on August 6th.

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Time  to  take  a  second  look  at  Special  Finance Time to take a second look at Special Finance

With many of the major players pulling out of leasing, it might be time to expand your dealership?s lending horizons by getting into special finance.

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New  Subprime  Auto  Lender  seeks  to  Inspire  dealers New Subprime Auto Lender seeks to Inspire dealers

New Dallas ? based lender enters the subprime auto lending field with experience at the helm.

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3252 University Drive, Suite 250
Auburn Hills, MI 48326
Phone: 888-535-2277
Fax: 248-370-6601
Phone: 888-535-2277 - Fax: 248-370-6601

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