According to an article on SubPrime Auto Finance, negative student loan trends could affect the auto lending market.
Chicago and San Jose, CA — As CNW Research noticed subprime auto loan approvals rising year-over-year by at least 40 percent yet again this month, TransUnion and FICO Labs spotted potential trouble on the horizon for lenders and dealers working with customers who absorbed significant debt to fund higher education.
A recent TransUnion study revealed that more than half of student loan accounts are in deferred status where the repayment of the principal and interest of the loan is temporarily delayed.
