The NADAShow Expo is the auto industry’s premier marketplace of products, services and technologies specifically targeted to franchised new car dealerships. More than 700,000 square feet of exhibits highlight more than 500 manufacturers and suppliers of the hottest products and coolest technologies.
We’ll be there March 23 – 25, 2018 in beautiful Las Vegas, Nevada! Will You? #NADA
Be sure to save the date: June 12 – 15 for NIADA Expo in Las Vegas!
BEBdata leads the market with over 40 years of in-depth experience and knowledge of Bankruptcy list compilation and data. Bankruptcy is our specialty and we are experts. We have been compiling our database for over 10 years and our knowledge of the industry, coupled with our in-depth understanding of the data, ensures our clients’ they are getting exactly what they want. See our online data card here.
Chances are, If you’re a millennial your credit score is “subprime” — enough to make lenders think twice about doing business with you.
TransUnion reported that 43% of borrowers ages 18 to 36 have a credit score of 600 or below on the 300-to-850 VantageScore scale. Generation X (ages 37-51) is at 33%, Baby Boomers (52-70) at 20%, and the silent generation (70+) rounds out at 9%.
Sarah Chaney of The Wall Street Journal just published a fascinating article on how bankruptcy courts (since March) are allowing borrows to cancel private student loans with a new legal argument that relies on vague wording about the definition of a student loan.
Check out the entire article by clicking here.
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From Subprime Auto Financial News
Dealers still see subprime availability as big players adjust By Nick Zulovich, Senior Editor
CLEVELAND and FORT WORTH, Texas -The size of the U.S. subprime population is getting smaller — at least that’s what FICO says. And large finance companies such as General Motors Financial again acknowledged that the segment of its portfolio composed of subprime paper will continue to diminish, too.
However, dealerships that participated in KeyBanc Capital Markets’ monthly survey indicated that they’re still able to obtain financing for their vehicle buyers, even if they fall into the subprime credit tier. Read More…
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Here’s an interesting article from CREDIT.COM regarding Student Loans and Bankruptcy written by Constance Brinkley-Badgett.
The belief that student loans are never dischargeable in bankruptcy is, simply put, not true. Student loans can be discharged in some limited cases. In fact, according to a study published in 2011 by Jason Iuliano, a student at the Woodrow Wilson School of Public and International Affairs at Princeton University, at least 40% of borrowers who include their student loans in their bankruptcy filing end up with some or all Read More…
Recent Federal Student Loans Look A Lot Like Subprime Mortgages
Chief Financial and Regulatory Correspondent, The Huffington Post
Federal student loans made in recent years resemble the toxic subprime mortgage loans that helped cause the Great Recession, new data show.
Rather than paying down their balances after leaving school, borrowers with recent federal student loans are experiencing an increase in debt as they fail to make enough payments to offset the accumulating interest on their loans. Read more…
Credit.com news wrote an interesting blog entitled, “Can You Discharge Private Students Loans in Bankruptcy”.
There’s a big misconception that private student loans can never be discharged in bankruptcy. People have repeated that statement so often they believe it to be a fact. The only problem is it’s not quite true.
Some private student loans are clearly eligible to be wiped away in a consumer bankruptcy. Even in a Chapter 7 bankruptcy, it takes only about 90 days to forgive the debt tax-free.
And while these special rules apply to private student loans that meet some criteria, all private students loans are no longer legally collectible once they have expired under the statute of limitations in your state… read more.