Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. Data from Fitch Ratings shows that the delinquency rate for subprime auto loans more than 60 days past due reached the highest since 1996...
September 15, 2022
Facepay has rolled out guaranteed text-to-pay to help out with credit card chargebacks for auto shops, a press release said. This will see service advisors sending text or email to customers to notify of balance due, tender payments and releasing vehicles as soon as possible. This will make sure that “every payment made is paid” […]
May 15, 2018
Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. Data from Fitch Ratings shows that the delinquency rate...
