Sunday, July 20, 2014

Chasing yield in the subprime car loan business

Interest rates can go as high as 19% I hera. NY Times reports.

Despite such warnings, the volume of total subprime auto loans increased roughly 15 percent, to $145.6 billion, in the first three months of this year from a year earlier, according to Experian, a credit rating firm.


HT ZeroHedge, as always.

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