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U.S. car loan lenders give a little more

News has emerged that the American car loans lenders are becoming ever more willing to extend new car loans to consumers with below par credit scores.

News has emerged that the American car loans lenders are becoming ever more willing to extend new car loans to consumers with below par credit scores. A study, which has been released today, shows that the U.S. auto industry is helping its drivers buy new cars with ingenious financial solutions.
 
The amount of loans given to buyers with below par credit ratings currently stands at 18.2% in the second quarter, which compared to last year’s 17.6%, is very impressive.

Melinda Zabritski, Experian’s director of automotive credit said; "While lenders have not loosened their criteria to the levels we saw three years ago, we do see an upward movement in loans to those middle-risk tiers."

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