Is CapitalOne Auto Finance the Next to Fail?
Check out this blog post at http://blog.washingtonautocredit.com.
It seems lenders start to get despirate right before they go under. CapitalOne is not only heavily exposed to sub-prime auto loans but also to credit cards. Credit card debt is unsecured. It can be difficult to collect on and impossible to recover in bankruptcy.
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Tags: auto lenders, Auto Loans, financial crisis

