Subprime lending is offering financing to an individual who won’t qualify for a conventional loan, on account of having a thin credit profile. Not too long ago, subprime lending suffered from a bad reputation. The housing market experienced steady growth from 1995 to 1999. With the stock market crashing a year later, monies shifted […]
Four Tips to Simplify Your Search for a Subprime Lender
The right lender can make a difference between securing a great deal on a loan and not. This is especially true if you have a credit score below 650 due to unpaid debts or a poor credit history. A huge chunk of people applying for loans today fall under the subprime category. That said, it […]
What does the Comeback of Subprime Lending Mean?
The comeback of subprime lending might have you worried. Isn’t that what started the problem in the first place? Are we going to head towards another housing crisis in the near future? It is easy to think this way, but it is safe to say that lenders and investors are much smarter about the non-conventional […]