Subprime Lender

Federal Lawsuit Filed Against Lender over Repossession Agents Exploiting McDonalds Drive-Thru’s during the Covid-19 Crisis

September 15, 2020 Editor

A Federal Lawsuit has been filed against Prestige Financial Services of Utah for its...

Repo Lawsuit Filed Against Chattanooga PD and Dealer Over 14 Year Old Girl Dragged From Car

August 9, 2019 Editor

Chattanooga, TN – 8 August 2019 – Lawsuits against the Chattanooga Police and a...

National Auto Lenders Files Chapter 11 Bankruptcy

December 3, 2018 Editor

  Miami, FL – 3 December 2018 – On November 14, 2018 “National Auto...

TN Repo Dragging of 14 Year Old Causes Uproar

July 3, 2018 Editor

  The assistance of a city police officer in the repossession of a car...

22 Repo Industry Statistics, Trends & Analysis

May 5, 2018 Editor

  Cruising Google for stories, as I frequently do, I stumbled across this interesting...

Small Subprime Lenders Are Starting to Fail

April 12, 2018 Editor

  New York, NY – 6 April 2018 – Growing numbers of small subprime...

Bridgecrest’s Erosion of Fees – A Fee History

March 27, 2018 Editor

  EDITORIAL Why is the repossession industry dying? Simple. You’re getting hosed! There has...

Advantage GPS by Procon Analytics Launches an Automotive Analytics RealTime Risk Assessment Dashboard Integrating Artificial Intelligence

March 6, 2018 Editor

Auto lenders can now view real-time analytics for key indicators used to monitor the...

This Subprime Auto Lender Repos 35 Percent of the Cars It Finances

February 22, 2018 Editor

  Subprime auto lending has faced intense regulatory scrutiny over the past year, and...

Repossession Crisis on the Horizon?

December 22, 2017 Editor

  GUEST EDITORIAL Most of us remember the repo boom in 2008-2010 when the...

NY Fed: Auto Loan Delinquencies Rising in the “Sub-Prime” Market

November 27, 2017 Editor

New York, NY – 21 November 2017 – The growth in household debt can...

Starting a Repo Company – The Numbers Don’t Work!

July 13, 2017 Editor

Editorial In March of 2017, my 16 years of employment with the credit union...

Angry Borrower Makes Bomb Threats to Lender and Families

June 8, 2017 Editor

Kansas City, MO – 7 June 2017 – Jackson County Prosecutors charged a 30-year-old...

Auto Loan Fraud Soars

May 11, 2017 Editor

Up to 1% of car loan applications include deception, firm says Borrower fraud in...

Subprime Auto Loan Losses Reach Highest Level since the Financial Crisis

March 13, 2017 Editor

Subprime net loss rate in auto bonds rose to 9.1% in January U.S. subprime...

Santander Decides Not to Use GPS

February 27, 2017 Editor

Dallas-based Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders,...

Auto Sales: The Party May be Over

January 10, 2017 Editor

Car sales are near record levels. But this is a time of uncertainty for...

John Oliver Blasts Sub-Prime Auto Lending and Repossessions

August 16, 2016 Editor 2

August 16, 2016 – Earlier this month, English HBO comedian and commentator took aim...

Santander Agrees to pay $9.3M for Violating Servicemen’s Rights

March 3, 2015 Editor

Washington, DC – February 25, 2015 — Auto lender Santander Consumer USA agreed to...

Subprime Lender Spends Years and Thousands to Fight $2,300 Judgment

February 14, 2013 Editor 1

Milwaukee County, WI – February 12, 2013 – How much would time and money...