As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers

As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers

Earlier this month, I noted that "Subprime Auto Loans Might Be Ok Because After All, People Need Their Cars." Obviously, the title was a bit tongue-in-cheek. Back in 2015, I tracked subprime auto ABS issuance pretty closely. What I saw was reminiscent of the lead up to the collapse of the housing market. Companies like Santander Consumer (and on that score don't forget that when Blythe Masters decides some sh*t is shady you know you've got a problem) and the (almost) worst-of-breed Skopos Fi
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One thought on “As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers

  1. The underlying story is a worn out consumer. The NY Fed has said consumer debt is approaching the 2008 high so all the deleveraging after the crisis has been spent. Meanwhile back at the ranch real wages were negative in January along with real retail sales. The US is a consumer driven economy, so it they have no money, earnings or credit, how are they supposed to be able to support growth?

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