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Non-Tech : Income Investing
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From: brehm23310/24/2025 5:36:46 PM
1 Recommendation

Recommended By
E_K_S

   of 52046
 
fwiw from tims site

From Bloombergg
subprime auto lender Primalend files for bankruptcy

Sounds like several small to mid size banks may get hit.
archive.ph

quotes:

“Auto dealers who lend money to buyers with spotty credit histories pushed subprime lender PrimaLend Capital Partners into bankruptcy, the company said”

“Subprime auto borrowers are falling behind on car loans at the highest rate in decades. Just weeks earlier, Tricolor Holdings, one of the biggest “buy here, pay here” car dealerships, sought bankruptcy.”
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