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Banks Seek Lower Credit Score Requirements, Targeting Over 50 Million New Subprime Borrowers

Banks Seek Lower Credit Score Requirements, Targeting Over 50 Million New Subprime Borrowers When the next bubble bursts – and it will – be sure to take a look back at this article. It might help explain some things.  Lenders, seemingly unhappy with the vast avalanche of debt they’ve issued over the last decade, are […]

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Subprime Begins to Haunt Credit Card Balances

Subprime Begins to Haunt Credit Card Balances Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – […]

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The Subprime Auto Loan Meltdown Is Here

The Subprime Auto Loan Meltdown Is Here Uh oh – here we go again.  Do you remember the subprime mortgage meltdown during the last financial crisis?  Well, now a similar thing is happening with auto loans.  The auto industry has been doing better than many other areas of the economy in recent years, but this […]

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