Recent Posts

Do car payments build credit?

To a large degree, your credit score reflects how well you repay your debt, so timely payments on a car loan can be an effective way to build your score.* Other things affect your credit standing, too, such as how long you’ve been using credit products, but paying off an …

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Nicholas Financial eyes growth with DealerCenter partnership 

Nicholas Financial’s Chief Executive Doug Marohn is expecting a boost in dealer customers as a fresh partnership with DealerCenter ramps up. The subprime lender is slated to go live on DealerCenter next week in all markets within its 15-state footprint, primarily in the Midwest and East Coast, following a Florida …

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Automated decisioning processes among top priorities for auto lenders

Speeding up credit decisions is becoming a major competitive point among auto lenders trying to woo dealership clients. Two of the largest U.S. auto lenders, Wells Fargo and Ally Financial Inc., say automating decisioning is among their top priorities in 2020. Ally CFO Jenn LaClair said the lender rolled out …

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