Approvals for sub-prime car loans have risen steadily since 2009 and are now at their highest rate since the recession hit, when lenders instantly became warier about approving loans for people with less than ideal credit scores. New data from automotive market research firm CNW show that sub-prime approvals in March are up more than 28 percent over where they stood in March of last year. The average credit score of consumers approved for auto loans has been shrinking accordingly every month since the first quarter of 2010.[...]
If the auto loan trend continues unabated, the country may just be headed for more economic fallout.
Incredible.
I just watched "Inside Job" - the documentary about the 2008 financial fiasco - interesting, mind-boggling, and totally outrageous. And they're still at it.
....but hey, do what you want....you will anyway.
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