Lenders Loosen Auto Loan Standards as Fewer Fall Behind on Payments

MSNBC - May 25, 2011

Exper­ian Auto­mo­tive just released a report ana­lyz­ing US auto loans, and have found that lenders are allow­ing for low­er cred­it scores with new car bor­rows, the low­est lev­el since late 2008. Lenders are loos­en­ing up because few exist­ing bor­row­ers are falling behind on pay­ments, says Melin­da Zabrit­s­ki, direc­tor of auto­mo­tive cred­it at Exper­ian Auto­mo­tive.