Subprime, Deep Subprime Balances Have Grown 33%


- September 2, 2009

Sub­prime and deep sub­prime out­stand­ing bal­ances have grown 33% in the past three years accord­ing to an Exper­ian-Oliv­er Wyman report. Con­sumers are con­tin­u­ing to migrate to low­er cred­it bands. Orig­i­na­tions actu­al­ly declined for sub­prime and deep sub­prime con­sumers — a reflec­tion of lenders’ con­tin­ued reduced appetite for cred­it risk.

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