Re:More Subprime Borrowers Are Missing Loan Payments
by rco8786 on Thursday May 19, 2022 @07:33PM
(#31441582)
That doesn’t make any sense. You’re implying that they’re just lending to people with the best credit scores. Which definitioally makes these not subprime loans.
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Re:More Subprime Borrowers Are Missing Loan Payments
by sbarbarian on Friday May 20, 2022 @08:43AM
(#31446596)
Sorry, didn't mean to imply that. Its the best of the worst. You just lower the threshold to hit the volumes / default rate you're comfortable with to make a profit. Subprime is anything lower than 670, so you don't need to go so low.