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.

With a number of subprime lenders reporting first quarter results, a clearer lender picture is emerging for the second quarter of 2008.

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.

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?

More buyers finance for six, even seven years ? a risky move given how quickly some cars depreciate.

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?

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?

Fair Isaac, the company that created the FICO score, has created a new scoring model that will create credit histories for more customers.