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.

Tags: auto lenders, Auto Loans, financial crisis

This entry was posted on Thursday, March 5th, 2009 at 12:51 pm and is filed under Auto Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.