Lately I’ve been reading allot of news articles and blogs that suggest that the recent implosion of the sub prime mortgage industry will have a dramatic effect on the sub prime industry as a whole. It may have an effect on other sub prime industries but I do not think it will effect bad credit auto loan lenders long term.

From what I’ve read, one of the primary reasons for the sub prime mortgage crash was the loan amounts compared to the home values were way out of whack. (Read More…)