‘Deep Subprime’ Auto Loans are Becoming the New Normal

A third of all subprime car loans are now being categorized into the ominous-sounding "deep subprime" group. The designation has become progressively more inclusive since America clawed its way out of the recession and now accounts for 32.5 percent of all high-risk loans — up from just 5.1 percent in 2010. While consumers have fallen behind on most subprime […] The post 'Deep Subprime' Auto Loans are Becoming the New Normal appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA