Subprime Auto Loans Are Getting Messy
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Subprime Auto Loans Are Getting Messy

by Wolf Richter, Wolf Street: Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape. Subprime doesn’t mean “low income,” it means “bad credit”; it means a history of taking on too much debt and not paying those debts and other […]