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02.10.25 - 18:36
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FICO Shakes Up Credit-Score Market (WSJ EN)
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FICO upended the credit-scoring industry by giving mortgage lenders a way to offer its FICO credit score without dealing with Experian, Equifax or TransUnion....
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02.10.25 - 18:24
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FICO Shakes Up Credit-Score Market (WSJ EN)
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FICO upended the credit-scoring industry by giving mortgage lenders a way to offer its Fico credit score without dealing with Experian, Equifax or TransUnion....
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08.09.25 - 15:18
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Subprime Auto Loan Delinquencies Hit Record: Sell Carvana and Buy Copart Today! (24/7 Wall St.)
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The auto loan landscape is teetering on the edge of chaos as delinquency rates climb to unprecedented heights. Data from the Federal Reserve and Goldman Sachs reveal that subprime auto loan delinquencies have rocketed past 5%, a stark milestone that surpasses the worst days of the 2008 financial crisis. According to Experian, 30-day-plus delinquencies over […]
The post Subprime Auto Loan Delinquencies Hit Record: Sell Carvana and Buy Copart Today! appeared first on 24/7 Wall St.....
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28.08.25 - 15:36
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Automotive Refinancing Grows Nearly 70% From a Year Ago, According to a New Report From Experian Automotive (Business Wire)
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Consumers saved just over 2% on their interest rates after refinancing their vehicle in Q2 2025SCHAUMBURG, Ill.--(BUSINESS WIRE)--With interest rates leveling out, consumers are looking for ways to secure more favorable vehicle financing terms. According to Experian's (LSE: EXPN) State of the Automotive Finance Market Report: Q2 2025, the volume of automotive refinances increased nearly 70% from a year ago.
A closer analysis revealed consumers saved just over 2% on their interest rates after refinancing their vehicle in Q2 2025, with the average interest rate dropping from 10.45% to 8.45%. This reduced the average monthly payment by $71 for borrowers who refinanced during the quarter. By comparison, consumers saved an average of 0.93% in Q2 2024, with average rates decreasing from 10.54% to 9.60% after refinancing.
“Although affordability continues to be a topic of conversation in the automotive industry, with interest rates trending downward, we're seeing more borrowers taking the opportunity to lowe...
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