Just recently, the subprime market took the heat when forecasts came out that the subprime auto lending industry would drive us into the next global financial crash. Equifax extinguished the fire after with their research showing that this market has remained very stable. While the ghosts of the last decade’s subprime crisis aren’t gone completely, […]
On SUVs, Auto Financing and Subprimes
An SUV is one mean muscle machine. It has the power and function of a light truck but is handled like a family vehicle. Not to mention, sport utility vehicles are some of the most beautiful vehicles that exist today. Known for being tough and badass, this automotive vehicle is in a league of its […]
Credit Cards: The Subprime Borrower’s Choice for Short-Term Financing
The latest Consumer Credit Report by NerdWallet indicates that nearly 50 million Americans are categorized as “deep subprime consumers”. The figure includes more than 30 million millennials. Just like people with excellent credit scores and histories, they are in need of short-term financing. And credit cards are their go-to source. Most Americans who are paying […]