Blog

2022 Is a Prime Year to Grow Your Nonprime Auto Loan Portfolio

Serve the Credit Invisible with Car Loans While Mitigating Risk

Did you know that 28 million Americans have files with insufficient data to generate credit scores, and another 25 million Americans have no credit...

Reminder – Additional Enhancements beginning April 2022!

• We are pleased to confirm that higher loan amounts were successfully released on March 4, 2022, and we have seen an increase in approvals and...

Concerned About Inflated Car Prices? Here’s How to Mitigate Your Risk.

The auto lending landscape continues to be shaped by the pandemic and the resultant microchip shortage. Vehicle values remain at an all-time high....

VyStar Finds Greater Growth with Open Lending by Expanding Partnership

“It’s efficient. It’s accurate. It definitely helps us grow and be more profitable, but I think what it’s really brought us, and so many other credit...

Are You Ready for the New CECL Accounting Standard?

Come January 2023, the Financial Accounting Standards Board’s CECL standards – Current Expected Credit Losses – will apply to any financial...

2022 Auto Lending Forecast

Projections for car loans are looking up this year despite the continued pandemic-induced inventory struggle.

5 Ways to Mitigate Credit Risk

Inflation is putting pressure on consumers' income and ability to pay bills. This rising cost of groceries and energy could lead consumers to have...

Reach More of the Unbanked and Compete with Fintechs

The Powerful Alternative to Buy-Here, Pay-Here Lending

Millions of Americans with poor or no credit turn to buy-here, pay-here (BHPH) car dealers to finance the critical transportation they need for their...