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Are Credit Scores Holding Auto Lenders Back?

2013-10-08 19:47:20| AutomotiveDigest.com - Automotive Industry News

At Issue: As the economy continues to thaw, auto lenders are revising their marketing and risk assessment strategies looking for ways to securely tap into this expanding market opportunity. That means auto dealers and their lenders must find the fastest path to reaching the right consumers, at the right time, with the right offerbefore their competition. Taking a Closer Look at the Three Cs Credit, Capacity and Collateral Many lenders are questioning credit policy, and returning to such traditional lending guidelines as the Three Cs credit, capacity and collateral. It is generally accepted that problems in any of these areas can result in loan default, but for very different reasons. Drill down further to learn more about credit score information and gain a new understanding of its importance.The Article Are Credit Scores Holding Auto Lenders Back? appeared first on Automotive Digest.

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