Auto Finance News
November 1, 2017
Kenneth W. Seidberg, Managing Attorney
Every Auto Finance Company has “bad debt” [losses after recovery of security]. In truth a significant sector of the industry (subprime lending) is experiencing resurging defaults [8-9%] [https://www.bloomberg.com/news/articles/2017-07-17/new-u-s-subprime-boom-same-old...