Subprime auto lender Tricolor Holdings has filed for a bankruptcy liquidation as its securitization partner Fifth Third Bank prepares to take an up to $200 million loss on loans tied to the company.
On October 22, 2025, the U.S. auto lending industry was rocked when PrimaLend Capital Partners, a major subprime lender based in Plano, Texas, filed for Chapter 11 bankruptcy. The collapse of ...
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 1990s.
A surge in subprime auto loan delinquencies, high-interest burdens and rising car ownership costs are pushing America's auto credit system toward a breaking point, with recent bankruptcies exposing ...
Bad credit can be a barrier to getting approved for a car loan or for receiving favorable terms. Fortunately, even if your credit history has some blemishes, you still have options from banks, credit ...
When it comes to physical assets, a car is among the most significant purchases people make after a home or property. But unlike a house, a car is a rapidly depreciating asset that accumulates wear ...
When a broken patch release, dangerous defaults, and auto-upgrades collided with production infrastructure
A used car dealership sign seen in Pasadena - Jay L Clendenin/Getty Images We're all just a little worried about the U.S. economy these days, aren't we? So naturally, the sudden collapse of a big used ...
This article focuses on two key and popular models used in credit risk management: Credit Risk and IFRS 9 Models, with examples to…
Credit scoring has been around for decades, helping lenders decide who’s likely to pay back a loan (and who isn’t). On one side, there’s…
Assessing the creditworthiness of a corporate borrower with a modern approach.
A used car dealership sign seen in Pasadena - Jay L Clendenin/Getty Images We're all just a little worried about the U.S. economy these days, aren't we? So naturally, the sudden collapse of a big used ...
We're all just a little worried about the U.S. economy these days, aren't we? So naturally, the sudden collapse of a big used car dealer – Tricolor Holdings, which specialized in customers with ...
Liquidators for subprime auto lender Tricolor Holdings began cleaning up the mess from its sudden collapse by designating a servicing company to search for vehicles, unfreeze its loan processing ...
Kicking off a side gig is one of the simplest ways to unlock new income, enjoy more flexibility, and build marketable skills — all with…
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Cars.com is an automotive marketplace that connects car buyers and sellers. With nearly 25 years under our belt, Cars.com has become…
We're all just a little worried about the U.S. economy these days, aren't we? So naturally, the sudden collapse of a big used car dealer – Tricolor Holdings, which specialized in customers with ...