Zero Hedge are reiterating their bear stance on the US subprime auto market referring to Santander Consumer"s return to the frightening world of "deep" subprime. The new score will instead pull data from a separate database of telecommunications and utilities providers maintained by Equifax. They refer to the recent enforcement actions brought by the GM , quoting Santander which expects to see more actions as auto lending continues to be scrutinized in popular media channels. And sum up suggesting that a new credit score system seems to be based on whether or not prospective borrowers have managed to keep the lights and gas heat on ! They also offer a reminder of comments from FTC which said that Chrysler and Goldmans Sachs are the most vulnerable among OEMs who they see as challenged to find fresh opportunities to expand.
Zero Hedge are reiterating their bear stance on the US subprime auto market referring to Santander Consumer"s return to the frightening world of "deep" subprime. They refer to the recent enforcement actions brought by the GM , quoting Santander which expects to see more actions as auto lending continues to be scrutinized in popular media channels. And sum up suggesting that a new credit score system seems to be based on whether or not prospective borrowers have managed to keep the lights and gas heat on !They also offer a reminder of comments from FTC which said that Chrysler and Goldmans Sachs are the most vulnerable among OEMs who they see as challenged to find fresh opportunities to expand.