A subprime auto loan is a type of loan used to finance a car purchase offered to people with low credit scores or limited credit histories.

One of the U.S. biggest banks, Wells Fargo, has said it will cap the amount of money it lends as subprime auto loans, according to the New York Times. Subprime loans, which are unsecured loans given ...

(Reuters) -The share of subprime borrowers at least 60 days behind on their auto loans rose to 6.65% in October, the highest level on record, according to Fitch Ratings data going back to the early ...

TruDecision chief executive officer Daniel Parry is as staunch a defender of the subprime auto finance space as someone could ...

Subprime auto loans — loans for borrowers with bad credit or no credit history to help them buy a car — are big business in the U.S. According to Kelley Blue Book, citing Cox Automotive data, subprime ...

Federal prosecutors have accused the leadership of a once fast‑growing subprime auto lender of orchestrating a sweeping fraud that helped topple the company and ripple through the banking system. The ...

In 2025, auto loan debt in the U.S. has ballooned to a staggering $1.6 trillion. Subprime lenders (those who offer high-interest loans to borrowers with poor credit) are now facing a wave of ...

Things are looking, uh, bad. A record number of Americans are falling behind on their painfully high auto loan payments, and it's a strong sign that lower-income buyers are struggling mightily to ...

Auto loan delinquencies are soaring across the U.S. Find out why that means getting a car loan is becoming tougher for everyone. Auto loan delinquencies and tighter lending indicate economic ...

Bankruptcy filings climbed 14% year-over-year in April, and the industry is pointing toward auto financing as part of the ...