TransUnion: Rise in 'subprime' borrowers pushed up late payment rate on US auto loans in 1Q

  • by: ALEX VEIGA , AP Business Writer
  • Updated: June 24, 2013 - 11:35 PM

LOS ANGELES — Banks are increasingly extending auto-loan financing to borrowers with less-than-sterling credit, a trend that's contributing to a higher rate of missed loan payments.

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