WORTH THE RISK? Even if a lender has strong doubts about a borrower's ability to make monthly payments, it may make the loan anyway because technology has made it easier to find and repossess the car, said MVTRAC's Scott Jackson.
CCR - Risk & Analytics
High-Tech Repo Men Are Reshaping Subprime Auto Lending
JUL 29, 2014 10:05am ET
Since the collapse of the subprime mortgage market, lenders have all but stopped offering loans that sound too good to be true. But that's not the case with subprime automobile loans, which lenders continue to market aggressively to consumers with imperfect credit.
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