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Aug 20, 2016. Now, as an expert on a Bloomberg TV clip noted, the joke is that you really just need a pulse to get a subprime auto loan. Right now, some experts say a widespread crisis is not likely. The U.S. economy isn't on the verge of a recession , according to many economists. And the credit market for auto loans is.
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while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark. The housing loan portfolio of banks as a whole clipped at 18.27 per cent in fiscal 2017, but the gross NPAs in this segment also.
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Just as unsupervised practices in peddling subprime mortgage loans. bad credit, everybody approved” and “No credit? No problem.” They belong to used car lots, which are often buy here, pay here dealers. These “lenders of last resort”.
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