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Decreasing Delinquency rates of Auto Loan – A Report by Trans-union/nAccording to credit reporting agency TransUnion, auto loan delinquency rates have come down as per its latest analysis for the first quarter of 2010./nAuto loan delinquency rates have dropped over 18% from the fourth quarter of 2009 to the first quarter of 2010./nThis downward trend is expected to continue in the second quarter of 2010 as well.

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decreasing d elinquency rates of auto loan a report by trans union
Decreasing Delinquency rates of Auto Loan – A Report by Trans-union
  • According to credit reporting agency TransUnion, auto loan delinquency rates have come down as per its latest analysis for the first quarter of 2010.
  • Auto loan delinquency rates have dropped over 18% from the fourth quarter of 2009 to the first quarter of 2010.
  • This downward trend is expected to continue in the second quarter of 2010 as well.

© Auto Relief Group www.autoreliefgroup.com

good t imes for the a uto l oan industry
Good Times for the Auto Loan Industry
  • The decline in delinquency rates is good news for the auto loan industry which suffered huge losses due to the global economic recession.
  • The road to recovery after recession has begun and the auto loan industry can now look forward for a great summer ahead.
  • Auto financing companies can expect more business as consumer confidence level continues to improve due to better economic conditions.

© Auto Relief Group www.autoreliefgroup.com

financial institutions expected to expand
Financial Institutions expected to Expand
  • Earlier financial institutions were reluctant to offer auto loans to customers unless they had high credit scores.
  • Things are expected to change now as lenders can be more confident while they provide auto loan to customers.
  • Benefits for the auto loan industry and also the automotive industry on the whole due to increased lending of auto loans.

© Auto Relief Group www.autoreliefgroup.com

opportunity for lenders of auto loan
Opportunity for Lenders of Auto Loan

The decline in delinquency rates proves revival of the U.S economy and it will be interesting to see how lending institutions make use of the opportunity that beckons.

© Auto Relief Group www.autoreliefgroup.com

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Auto Relief Group based in Florida offers car / boat / RV Loan Modificationservice to Americans.We assists car owners in renegotiating their car loan or lease, avoid repossession and maintain ownership of their vehicle by working directly with lenders to restructure loans, extend terms or reduce payments.We provide our clients with customized reports, expert advice and negotiation assistance when restructuring their car loans.

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