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The third quarter 2013 auto loan delinquency rate has officially been released by TransUnion, which shows an increase in balances and number of financing opportunities to subprime borrowers.
The percentage of delinquencies remains flat while the number of auto loans to car buyers with questionable credit continued to rise during the second quarter of 2013.
Despite an increase in delinquencies, auto loans to consumers with problem credit continued to rise during the first three months of 2012.
Earlier today, TransUnion released its latest report on automotive delinquency rates –dealing with auto loans in the fourth quarter of 2010.
For bad credit car loan applicants the bottom line is that the general loan landscape has improved considerably and banks, including bad credit auto loan lenders, are continuing to increase the actual number of loans they are writing.
It also underscores the fact of why it is necessary for most bad credit customers need to exercise caution when it comes to sharing their personal information online. But a recent press release from the Texas Society of CPA’s reminds us that we need to be careful of our offline habits, as well.