Icon Phone 858-943-4908

Reach Out Now for Help!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Okay to Text You?*
Was the Car NEW, USED or CERTIFIED PRE-OWNED when you bought it?*
How do you use the car?*
MM slash DD slash YYYY
Did you finance the purchase with a loan?*
Did sign and were you given a copy of your credit application?*
If you financed the purchase, are you current with the payments?*
Do you still have the car?*
Consent*

Explosion in Sub-Prime Auto Lending

The Fed has contributed to the explosion of sub-prime lending due to their activities.

Sub-prime lending encompasses “customers with an average credit score of 556 and average annual income of $38,393, according to the pitch book. These borrowers pay an average interest rate of 21.4 percent a year. (Median U.S. household income was an inflation-adjusted $50,054 in 2011, according to the Census Bureau. On the widely used FICO credit-scoring scale, produced by Fair Isaac Corp, 640 or less is considered subprime.)” Read more at: http://www.reuters.com/article/2013/04/03/us-usa-qe3-subprimeauto-special-report-idUSBRE9320ES20130403

Free Case Evaluation

Auto Fraud

California's Auto Fraud Legal Center

Reach Out Now for Help!

Contact Us Call Now
Offices
9988 Hibert Street
Suite 150
San Diego, CA 92131
Map & Directions
Contact
Phone: 858-943-4908
Fax: 858-943-4908
Follow Us
Auto Fraud Legal Center © 2025.
Law Firm Website Design LawFirmSites