Consumer Credit Archives

Rising Consumer Debt and Auto Finance: Why Smarter Decisioning is More Critical Than Ever

As household debt in the U.S. continues to soar, the auto finance industry faces growing risks — and growing opportunities — in how it navigates consumer credit challenges. According to Experian, auto loan balances alone ballooned from $1.1 trillion in...

April 27, 2025

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

Automotive Finance Consumer Credit Credit Approvals Prequalification

Consumer Anxiety Over Auto Loan Approvals Hits 15-Year Peak

The Growing Disconnect in Auto Financing Recent data highlights a widening gap in the auto financing industry—while credit access is improving, consumer anxiety around securing loans is at an all-time high. The Federal Reserve Bank of New York’s February Survey...

March 19, 2025

Addressing the Affordability Challenge with F&I Products

Consumer Credit F&I

Addressing the Affordability Challenge with F&I Products

Blog Post: Addressing the Affordability Challenge with F&I Products The automotive market is facing a growing affordability crisis. With rising vehicle prices, increasing maintenance costs, and persistent economic uncertainties, consumers are finding it harder to manage the financial demands of...

December 12, 2024

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

Automotive Finance Automotive Lending Consumer Credit

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

As the automotive market undergoes major shifts, affordability remains a critical challenge for consumers. However, recent trends in leasing and cash transactions suggest that some alternatives are helping to ease financial pressures. In a recent episode of CBT Now, Melinda...

October 25, 2024

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

Automotive Finance Consumer Credit

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

The importance of maintaining good credit is a well-known principle in personal finance. Yet, a recent survey by BadCredit.org has uncovered that a significant number of Americans are not actively managing their credit health. The study, which polled 500 adults...

October 3, 2024

Navigating the Decline in US Subprime Auto Loans

Automotive Finance Consumer Credit

Navigating the Decline in US Subprime Auto Loans

The automotive finance sector continues to grapple with evolving market dynamics, as evidenced by the latest findings from TransUnion’s Q2 2024 Quarterly Credit Industry Insights Report. The report highlights a continued decline in subprime auto loan originations, a trend that...

August 12, 2024

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Consumer Credit

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Artificial Intelligence (AI) is increasingly becoming a vital tool for managing personal finances. The BMO Real Financial Progress Index has revealed that a significant number of Americans, especially Gen Z, are leveraging AI to enhance their financial management. This blog...

July 31, 2024

TransUnion Examines the Impact of Expensive Debt on Auto Financing

Automotive Finance Consumer Credit

TransUnion Examines the Impact of Expensive Debt on Auto Financing

TransUnion’s latest report sheds light on how the rising cost of debt is influencing the auto financing landscape. As consumers face increasing financial pressures, the implications for the automotive market are significant. Key Findings Implications for Consumers For consumers, the...

July 11, 2024

Understanding the Recent Tightening in Auto Credit Access

Automotive Finance Car Dealerships Consumer Credit

Understanding the Recent Tightening in Auto Credit Access

In April, auto credit access saw a slight tightening, reflecting ongoing economic challenges. Auto Remarketing’s article highlights several key factors influencing this trend: Key Points from the Article: Implications for Dealerships This tightening of auto credit means dealerships need to...

May 22, 2024

Inflation and Auto Financing: What Borrowers Need from Lenders

Consumer Credit Non-Prime Financing

Inflation and Auto Financing: What Borrowers Need from Lenders

Drawing from Anne Hay’s insightful commentary in Auto Remarketing, subprime borrowers are facing unprecedented financial challenges due to inflation, particularly in the automotive sector. The article sheds light on the crucial support these borrowers need from lenders in these trying...

February 1, 2024