Entry Details

About the Entry

Category: 
All Content > Enterprise News Story > Northeast

Title of entry: 
In too deep: How affordability woes could sink subprime consumers

Issue or Publication date:
Nov. 16, 2023

Publication name: 
Auto Finance News

Publishing/parent company: 
Royal Media

View Website home page:
https://www.autofinancenews.net/allposts/risk-management/in-too-deep-how-affordability-woes-could-sink-subprime-borrowers/

Description of the enterprising work that went into this entry and its significance or impact on readers:

Auto Finance News, published by Royal Media, is the flagship publication for the auto finance industry. Published since 1996, we are the nation’s leading source for news, insights and analysis on automotive lending and leasing.

The affordability of auto loans, borrowers' ability to repay those loans, and how that affects lenders are at the heart of what Auto Finance News covers.

The publication's editors and writers had been reporting on subprime loan issues for months. But for "In too deep: How affordability woes could sink subprime consumers," they took a tip from a source and reported the hell out of it.

To give you an idea of how thorough the reporting was, the writers quoted 10 sources in the story, representing the entire spectrum of lenders as well as an attorney and the head of a nonprofit. (And they talked to probably twice that number of people.)

The story included a treasure trove of data from more than 20 sources, including some data that was obtained through a Freedom of Information Act request.

In the end, Auto Finance News published an unbelievably comprehensive study of the landscape for lenders who serve subprime consumers.

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Entry URL(s), if applicable:
Please enter a URL that will direct judges to the entry: 
https://www.autofinancenews.net/allposts/risk-management/in-too-deep-how-affordability-woes-could-sink-subprime-borrowers/