Deep Subprime
Deep subprime refers to an auto loan applicant with a very low credit score, typically below 500-550 FICO. These borrowers often face high interest rates and stricter terms due to their significant perceived credit risk.
Deep subprime refers to an auto loan applicant with a very low credit score, typically below 500-550 FICO. These borrowers often face high interest rates and stricter terms due to their significant perceived credit risk.