PYMNTS-MonitorEdge-May-2024

subprime lending

American Car Center Shutters as Auto Loan Delinquencies Rise
American Car Center Shutters as Auto Loan Delinquencies Rise
February 26, 2023  |  Retail

Subprime lender American Car Center has reportedly closed amid a rise in auto loan delinquencies. The Memphis-based used car seller notified employees Friday (Feb. 24)...

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Square And India Commerce Sizzle While The Krona And US Debt Fizzle
Square And India Commerce Sizzle While The Krona And US Debt Fizzle
August 31, 2018  |  Sizzle/Fizzle

Sizzle Square: The firm, touted by some on the sell side as “FinTech’s best idea,” had a stock boost this week. At the same time,...

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US Consumer Debt — Ten Years Later
US Consumer Debt — Ten Years Later
August 18, 2017  |  Debt

The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places.  And...

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Elevate Gearing Up For $100M IPO In The US
Elevate Gearing Up For $100M IPO In The US
March 31, 2017  |  Investments

Elevate, the subprime lender based in the U.S., is considering launching an initial public offering (IPO) again thanks to the rally in financial stocks since...

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