Auto Loan Default Protection
- Credit Unions
- Auto Dealers
- Banks
- Finance Companies
- Mortgage Servicers
- Community
- Bank
Financial Institutions that wish to grow a competitive auto loan program and empower underserved populations through vehicle access may find it difficult to lend outside of high-creditworthy borrowers.
Auto Loan Default helps you expand your portfolio by identifying and targeting a greater number of high-yielding direct and indirect loan opportunities. With these programs, you can offer near-prime or non-prime auto loans to potential borrowers who have marginal credit.
These loans are accompanied by default insurance coverage to help protect your financial institution from any added risks, enabling you to safely serve this underserved market. Sophisticated risk-based pricing models and carefully established ROA targets help you to achieve a program that is both profitable and successful.
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