Auto lending at the center of credit spike

Dec 10, 2018 Phil Burgess

As the economy continues to rebound and Americans' consumer credit reports start to improve, lending companies could see an increase in business, as buyers look to make major purchases. In particular, the development appears to be a good sign


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Auto loan trends are changing the industry

Dec 10, 2018 Phil Burgess

Auto loan trends are changing the industry

Since the Great Recession has ended, the auto industry has seen a return to robust sales. Currently, vehicle transactions for 2013 are on pace to set records. Already, Edmunds reported that July 2013 sales topped the number of auto purchases


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Dealer markups continue to be a hot topic for auto lenders

Dec 10, 2018 Philip Burgess

For the better part of 2013, financial regulators have been scrutinizing the practice of auto dealer markups. According to law firm Dorsey & Whitney, this strategy involves dealers charging higher than average interest rates on auto loans,


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Domestic car sales recover, lenders ready for strong 2014

Dec 10, 2018 Philip Burgess

Domestic car sales recover, lenders ready for strong 2014

The domestic auto manufacturing sector has been one of the most volatile industries in the United States in recent years. During the Great Recession, American automakers exemplified the struggles of the domestic economy. Many manufactures were


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Are millennials contributing to traditional credit scores?

Dec 10, 2018 Philip Burgess

Are millennials contributing to traditional credit scores?

When consumers complete college or high school and look to go into a trade, they often don't have traditional consumer credit scores. Think of it this way: If they've never opened a line of credit - other than perhaps college loans, which many


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