Subprime has a couple different definitions. One definition is that subprime means being of less than top quality. Another definition is that subprime means a loan made to a borrower with poor credit rating, usually at high interest rates.
The Subprime Crisis is an economic problem that happened in the United States. It cannot be explained in a paragraph or so. In short, it happened due to uncontrolled lending in the US Financial Markets. Some of the reasons for this crisis are: 1. The US Real estate market crash 2. High default rates on Subprime loans & 3. Subprime Mortgage backed securities
are they doing subprime loans anymore
Subprime - 2010 was released on: USA: 17 September 2010
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Subprime loans are offered to individuals with a credit score below 620. Such prestigious financial organizations as Chase Manhattan, BankOne, and Wells Fargo have begun offering subprime loans.
The current performance of the ABX subprime index is fluctuating due to market conditions.
The word cheap and subprime are not typically used in the same sentence, especially in a down economy. Even with that said, there are some ways to get decently rated subprime auto loans. If you are going to do it, you will have to have something to counteract your subprime credit. This might mean going to a lender that will value your current financial situation over your past. If you have a good job now and you are able to put down a nice payment, they will likely cut you a little bit of slack and give you an excellent loan.
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You will get the information about subprime bank loan from http://www.hitxp.com/world/09102008.htm website
There is a lot of information available on subprime auto leads. The best places to look for subprime auto leads would be to visit used car websites like eBay or Auto Trader.